Multifuels Midstream Group LLC, a portfolio company of Warren Equity Partners, recently purchased 124 miles of high-pressure natural gas pipeline in central Texas from an unnamed master limited partnership. It said Thursday it will add new pipe, interconnects, gas measurement and pressure regulation to the system. The completed system will serve end-use customers in the Bastrop-to-Hallettsville, TX, corridor, via an anchor long-term contract. Construction is expected to be completed by end of 2018. The acquisition is Warren’s first add-on to its Multifuels platform investment, which was closed in January 2016 in partnership with Houston-based Multifuels LP to build an operating company focused on gas distribution to utility customers and other natural gas end-users.
A subsidiary of Tokyo-based Electric Power Development Co. Ltd. has acquired an equity stake from Tenaska in the company’s Westmoreland Generating Station, a 925 MW natural gas-fired power plant under construction in Southwest Pennsylvania. Mitsubishi Corp. subsidiary Diamond Generating Corp. also has a stake in the project. Tenaska did not disclose the stake it sold to the subsidiary. Construction of the facility started early last year and is expected to be complete in late 2018. The facility would generate enough electricity to power 925,000 homes in the PJM Interconnection market.
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