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Tenaska to sell Commonwealth Chesapeake Power Station to Tyr Energy19/12/2007. Source: AltAssets. 
 Tenaska Power Fund has agreed to sell Virginia-based Commonwealth Chesapeake Power Station to Kansas-based energy asset manager Tyr Energy. Financial terms of the deal were not disclosed.
TPF acquired the power station in 2005 for $89m.
The plant's seven simple-cycle gas turbine electric generator sets are able to produce enough energy to meet the needs of approximately 300,000 households.
Paul Smith, senior managing director, Tenaska, said, 'We are pleased with the result of this sale process.'
Tenaska Power Fund is a private equity limited partnership formed to invest in energy and power companies and assets in the US. Tenaska Capital Management, Tenaska Power Fund's manager, is an affiliate of US power producer Tenaska.
Copyright © 2007 AltAssets
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