NTE Energy announced that it has secured an investment for three natural gas-fired power plants that are currently under development which will allow NTE Energy to complete the development of these projects, valued at over $1.1 billion, and to begin construction of all three projects next year.

Among the three projects is Pecan Creek Energy Center, a 237 MW gas-fired simple cycle power plant in Texas.

Capital Dynamics and Wattage Finance, LLC, which is owned by a group of private investors and managed by an affiliate of Guggenheim Partners, LLC, will work with NTE Energy to finalize the development and prepare the three projects for construction financing.

NTE Energy said that the three power projects are in the late stages of development and are expected to close financing and go into construction in the next nine to twelve months.