CDECCA

April 14, 2013 in Acquisitions, Conventional Fuel, POWER, PROJECTS, Projects: Completed

67 MW Capitol District Energy Center Cogeneration Associates (“CDECCA”) Power Plant

Red Rock Power Partners is pleased to announce the acquisition of the 67 MW Capitol District Energy Center Cogeneration Associates (“CDECCA”) Power Plant.  CDECCA is a natural gas fired combined cycle cogeneration plant located in downtown Hartford, Connecticut.  This power plant was owned by El Paso Merchant Energy (“El Paso”).

Red Rock Power Partners LLC entered into an exclusivity agreement with El Paso and subsequently partnered with Maxim Power Corp. of Calgary, Canada to finance the facility.  The transaction is subject to regulatory approval by the Federal Energy Regulatory Commission.

CDECCA provides peaking power to the New England Power Market.  It also provides steam and chilled water to a major commercial customer and to the Hartford Capitol district heating network.

The prime mover is a General Electric Frame 6 B combustion turbine generator with a 22 MW Alsthom steam turbine generator.  Steam and chilled water are provided by centrifugal chillers and absorption chilling units driven by the wate exhaust gases from the combustion turbine generator.  The facility is dual fuel capable burning natural gas and No. 2 Fuel Oil as needed.

Red Rock seeks to increase its portfolio of power generating assets with a view to acquire additional assets in the North East and California power markets in 2006. Buz Barclay of Torys LLC provided legal counsel for the acquisition.

CDECCA      cdecca2

Biomass

April 13, 2013 in Biomass

In addition to natural gas power generation assets Red Rock is keen executing biomass power projects in the US market. Red Rock is in the process of acquiring distressed biomass and biomass repowering opportunities in markets that have strong wood fuel supply characteristics.

Inquiries regarding Red Rock biomass developments should be directed to Parissa Chubak.

 

Conventional Fuel

April 13, 2013 in Conventional Fuel

Red Rock is currently developing high efficiency power plants in urban environments in deregulated markets and is actively seeking opportunities to acquire power generation assets. Through its partnerships, the team aims to build a diverse portfolio of generating facilities.

Red Rock will selectively participate in asset or asset portfolio auctions conducted by sellers or their representatives. However, it prefers to structure custom transactions directly and exclusively with sellers and to date has closed six transactions in the negotiated transaction space.

Red Rock’s main interest is in power and/or thermal generating assets with equivalent production capability in excess of 50 MW. Red Rock is focused on “its backyard” on the East and West Coasts of the USA – we also look to expand into the Carribean islands.

Red Rock’s ideal portfolio will include a geographically dispersed asset base with both contracted and merchant facilities located in strong and growing energy markets.

POWER

April 13, 2013 in Biomass, Conventional Fuel, POWER

Red Rock Power Partner’s business experience allows the team to focus on realizing high value generation opportunities. We seek out opportunities that utilize technologies and fuels positioned to be competitive in the deregulated marketplace. Our comprehensive, disciplined approach to project development, acquisition, ownership and management enables us to see the broad perspective, even as we pursue every detail.

Red Rock Power Partners works with many aspects of Power Energy, click on the links below to read more:

- Conventional Fuel
- Biomass