Harbert Management Corp., a private alternative asset management firm headquartered in Birmingham, Alabama, announced this week its acquisition of Mid-Georgia Cogen, a roughly 323-MW dual-fuel, combined-cycle cogeneration facility in Kathleen, Georgia.
The plant, which is located near Robins Air Force Base just south of Macon, began operating in 1998 and has acted as a peaker plant for Georgia Power. It recently secured a new, 20-year power purchase agreement with the utility beginning in 2028, according to a company announcement.
Mid-Georgia Cogen also supplies thermal output to an adjacent Frito-Lay manufacturing facility for frying and cooking food, and for space and water heating, according to filings at the Federal Energy Regulatory Commission.
Representatives for Harbert declined to disclose the purchase price or details of the transaction, which was approved by the Georgia Public Service Commission last month.
"We are excited about the Mid-Georgia acquisition and are focused on ways that we can be helpful to our partners in the state as they manage significant load growth,” Claude Estes, head of Harbert Power, told Utility Dive in an emailed statement.
Georgia Power’s parent, Southern Company, recently reported its total contracted large load has reached 17 GW across its territory.
According to FERC filings, the Mid-Georgia facility consists of two 107-MW Westinghouse Type 501 D5A combustion turbine generator sets; two unfired heat recovery steam generators; one nominal 105-MW extraction/condensing steam turbine generator; one nominal 1.2-MW back pressure steam turbine generator; one cooling tower; one backup boiler; and related equipment.
Harbert Power says it has deployed more than $13 billion in capital across renewable energy, dispatchable generation and distributed generation over four decades. It had approximately $7.9 billion in regulatory assets under management as of July 31.
