GE Energy Financial Services and the Government of Singapore Investment Corp. each will buy a 24.95% stake in five natural-gas fired power plants that ArcLight Capital Partners owns in Georgia, the companies said Monday."This is an attractive portfolio of contracted power generation facilities in a region experiencing an increasing demand for low carbon, efficient power. The completion of this transaction complements our growing portfolio of infrastructure investments in the US. We are delighted to have ArcLight and GE, who have extensive experience in owning and operating similar assets, as our partners in this deal," said Ang Eng Seng, global head of GIC's Infrastructure Group, said. Full story
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GE, Singapore & ArcLight form US Southeast power co - Reuters
ArcLight Capital Partners to sell stake 5 power plants to Singapore government and GE - Canadian Business Online
