Competitive Power Ventures (CPV), along with its partners, has completed the 1.25GW CPV Three Rivers Energy Center in Grundy County in the US state of Illinois.
CPV Three Rivers is a combined-cycle, natural gas-fired electric power plant featuring two GE 7HA.02 gas turbines, heat recovery steam generators and steam turbines.
Built with an investment of $1.3bn, the power plant will generate enough energy for one million homes and businesses in the state.
It is co-owned by CPV along with Osaka Gas USA, Concord Infrastructure Investments, Harrison Street and Axium Infrastructure.
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By GlobalDataWhile CPV will manage the project, it will be operated by Consolidated Asset Management Services. Kiewit Power Constructors served as the contractor.
Construction began in 2020, creating 900 jobs.
The power plant achieved commercial operation in August 2023.
It is connected to the Pennsylvania-New Jersey-Maryland (PJM) interconnection system and will sell the electricity into the Commonwealth-Edison zone of the PJM market.
The dispatchable power from the project will help PJM maintain reliability as it meets the resource challenges of the coming years.
CPV CEO Gary Lambert stated: “We are honoured to be joined on-site today by leaders in energy, finance, construction and labour, government and the local community, all of whom were instrumental in making this project a success.
“The remarkable collective effort by this group, which closed financing and began construction in August 2020 in the middle of Covid, is truly awe-inspiring and has resulted in what is now one of the most efficient and lowest-emitting facilities of its kind in the world.”
It is the fifth combined-cycle power plant to feature GE’s turbine technology that CPV has brought online since 2016. These five facilities generate 4.6GW of electricity for five million US households.
GE Vernova chief commercial officer Katy Wilner stated: “GE’s partnership with CPV over the years has led to the completion of yet another high-quality project.
“We are very proud to have been able to provide state-of-the-art GE turbines and equipment that will enable CPV Three Rivers to generate reliable and efficient power for Illinois and the region for many years to come.”
