Goldman Sachs buys 3,300MW of power generation capacity
Godman Sachs has agreed to buy US power producer Cogentrix, in a deal that willmore than quadruple the bank’s generation capacity. JoeMarsh reports
The bank will pay $115 million in cash and will assume $2.3 billion in non-recoursedebt to acquire Cogentrix, says Goldman spokesman Bruce Corwin. Most of the generator’soutput is sold under long-term
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