Heritage Global Partners and Hilco Industrial Conduct Global Private Treaty Sale for GWF Power Systems, L.P.

By April 5, 2012Press Releases

Six Power Plants throughout California to be sold

SAN DIEGO–(BUSINESS WIRE)–

On behalf of GWF Power SystemsHilco Industrial, in partnership with Heritage Global Partners, is conducting an immediate sale of six petroleum coke fired power plants in California, for global relocation opportunities or potential turnkey operations.

The Private Treaty Sale features five 22 MW plants and one 30 MW plant. These sites each consist of a single fluidized bed boiler providing steam to a single steam turbine generator. Two of the 22MW sites utilize a Simon-Macawber fuel feed system. The other three 22 MW sites utilize a Scalper/Splitter fuel feed system. The 30 MW site utilizes Simon-Macawber Fuel Feed System with crusher/dryers System. Large inventories of spare and replacement parts are available at each facility.

“Truly a unique opportunity for global buyers of power generation assets to realize a great and immediate opportunity,” said Ross Dove, Managing Partner, Heritage Global Partners.

“The late model and great condition of these sites will surely be attractive to a global marketplace,” said Robert Levy, Managing Partner, Hilco Industrial.

Source: http://finance.yahoo.com/news/hilco-industrial-heritage-global-partners-140000849.html