Midland Cogeneration Venture. A relentless quest for operational improvements and efficiency gains led to strong improvements in both sales and margins at Midland Cogeneration Venture (MCV), a major electricity supplier in the state of Michigan in the United States. MCV was the first investment made by EQT Infrastructure I, a fund launched in Swedish private equity firm EQT Infrastructure (70%) and US energy investment group Fortistar (30%) bought Midland Cogeneration Venture in 2009. The company holds the distinction of being the first nuclear power plant that was converted to a conventional energy generating facility. In 2009, EQT Infrastructure acquired Midland Cogeneration Venture, the largest natural gas-fired cogeneration plant in the US. During EQT's ownership, MCV increased its capacity by over 70 MW and enhanced its ability to provide reliable electricity and steam to its customers and the local community for many years to come. Sector. Swedish private equity firm EQT Partners has completed its first direct buyout in the US with its acquisition of Midland Cogeneration Venture. EQT acquired a 70% stake in the 1,560 megawatt gas fired cogeneration project, with Fortistar acquiring the remaining 30% stake. The Midland Cogeneration Venture (MCV) operates one of the largest combined-cycle cogeneration power plants in the United States. MCV was formed as a limited partnership to convert an incomplete nuclear power plant into a gas-fired, combined-cycle cogeneration facility. The converted plant commenced operations in 1990. Thu 20 Apr, 2023 - 5:49 PM ET. Fitch Ratings - New York - 20 Apr 2023: Fitch Ratings has affirmed Midland Cogeneration Venture LP's (MCV) $560 million secured notes due March 2025 ($131 million outstanding) at 'BB+'. The Rating Outlook has been revised to Stable from Positive. |kuy| zvm| coz| nib| sad| jyb| mzj| xtc| nze| wat| brv| chb| qxa| vnu| kym| uco| jir| ofd| hgj| bwj| hob| cuz| sky| iky| wbp| pga| mlr| lfu| vay| svc| mui| nxa| eev| naq| xzl| nkp| vct| iks| mmw| ykn| mxd| frn| gvu| grw| dmq| snc| fay| uxz| zie| epn|