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Financing set on CPV power plant

Competitive Power Ventures LLC, of Silver Spring, which develops and operates energy facilities, and partners Marubeni and Toyota Tsusho announced they have closed financing with GE Energy Financial Services and 14 other lenders for the $775 million CPV St. Charles Energy Center under construction in Waldorf. Financial details were not disclosed. The CPV St. Charles Energy Center is a 725-megawatt, natural-gas-fired power plant using two gas turbines and a steam turbine. The site was chosen partly because of its proximity to the Dominion Cove Point natural gas pipeline.

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