Oglethorpe Power acquires 465 MW natural gas-fired plant
7.8.2024
Oglethorpe Power announced the acquisition of Walton County Power, a 465 MW, three-unit combustion turbine generation facility in Monroe, Georgia. The facility was purchased from Mackinaw Power Holdings, an affiliate of the global investment firm, The Carlyle Group.
Walton County Power began commercial operation in 2001, and Oglethorpe Power said it will become one of its most efficient peaking plants, specifically utilized in times of high electricity demand. The plant’s technology features a low heat rate, enabling the plant to generate electricity using less fuel compared to other technologies. Cogentrix will operate the facility until fall 2024, when Oglethorpe Power will assume operations responsibilities. Financial terms of the transaction were not disclosed.
