Stonepeak Kestrel Holdings' 350-MW Canal 3 dual-fueled power facility in Massachusetts reached substantial completion, according to a Sept. 26 news release.
Stonepeak Kestrel Holdings, an affiliate of New York private equity firm Stonepeak Infrastructure Partners, acquired the project along with the adjacent 1,112-MW oil-fired Canal power plant in 2018 from GenOn Energy Inc.
The Canal 3 project, a joint venture of Burns & McDonnell Inc. and Skanska USA Civil Inc., started construction in 2017 and began commercial operation in June. The project uses natural gas as a primary fuel source but can switch to ultra-low-sulfur diesel fuel if needed.
An affiliate of NRG Energy Inc. provided project management services for Stonepeak.
