Chatter: GE Selects Winning Bidder For Merchant Power Plant
August 04,2015
GE Energy Financial Services has selected Ares Management, L.P.'s EIF Group as the winning bidder for GE's remaining 50% stake in the Linden Cogeneration facility, an approximately 1,000 MW plant located in Linden, NJ, according to market chatter
EIF Group, among three finalists, was selected as the wining bidder late last week, according to market chatter.
GE Energy Financial Services and Ares Management did not return requests for comment.
GE had previously sold a 50% stake in the facility to Highstar Capital in 2013.