Goldman Sachs returns to power generation

Goldman Sachs is re-entering the physical power market for the first time in two years. The investment bank has bought a 940-megawatt (MW) natural gas plant from troubled US firm El Paso Merchant Energy.

The New York-based bank said on April 16 that it plans to buy El Paso’s interests in East Coast Power for $456 million in cash. East Coast owns the Linden co-generation facility in New Jersey. Goldman will take on $600 million of debt outstanding at the firm.

This will be the first time Goldma

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: