The Branford Group, Under the Management of GE Power and Chain Asset Management Solutions, Announces the Private Treaty Sale of GE Power’s Inland Empire Energy Center in Riverside County, CA

The Branford Group, partnered with General Electric and Chain Asset Management, has announced the Private Treaty sale offering of GE Powers Inland Empire Energy Center.

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Business Wire, Inc.
Retrieved on: 
Thursday, October 10, 2019
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Other Energy, Utilities, Oil, Gas, Alternative energy, Energy, Auctions, Economy, Auction theory, Microeconomics, Branford, Connecticut, Branford, GE Power, Valuation, Economics, Other Energy, Utilities, Oil, Gas, Alternative energy, Energy, Auctions, Economy, Auction theory, Microeconomics, Branford, Connecticut, Branford, GE Power, Valuation, Economics
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California, United States, United States, California
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THE BRANFORD GROUP:
Summary
Key Points: 
  • The Branford Group, partnered with General Electric and Chain Asset Management, has announced the Private Treaty sale offering of GE Powers Inland Empire Energy Center.
  • Using GEs H-system combined-cycle generator, the plant has the ability to provide power for up to 600,000 homes.
  • The offer deadline for this Private Treaty Sale offering is scheduled for December 31, 2019; however, bids prior to the deadline are encouraged.
  • The Branford Group is a recognized leader in surplus industrial machinery and equipment auctions and valuations.


Please replace the eighth paragraph of the release dated October 9, 2019 due to a change in the embedded hyperlink in visit The Branford Group sale details page here.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191009005740/en/

(Photo: Business Wire)

(Photo: Business Wire)

The corrected release reads:

THE BRANFORD GROUP, UNDER THE MANAGEMENT OF GE POWER AND CHAIN ASSET MANAGEMENT SOLUTIONS, ANNOUNCES THE PRIVATE TREATY SALE OF GE POWER’S INLAND EMPIRE ENERGY CENTER IN RIVERSIDE COUNTY, CA

The Branford Group, partnered with General Electric and Chain Asset Manaement, has announced the Private Treaty sale offering of GE Power’s Inland Empire Energy Center. Sitting on an impressive 50 acres in Riverside County, the 790- megawatt natural-gas-fired plant was the first of its kind in both the state, and the country when installed in 2009. Using GE’s H-system combined-cycle generator, the plant has the ability to provide power for up to 600,000 homes.

The plant’s equipment and machinery is in pristine condition and uses high efficiency, low emissions and less fuel consumption per megawatt of power generated – 140,000 tons less CO2 emissions than comparable power plants.

Highlights include:

  • (2) 2006 Toshiba Steam Turbine, Type two casing double flow with exhaust reheat condensing, Rated Output 137,220 KW, 3600 RPM, Initial Pressure 1815 psi, temp 1050/ Large Qty of H Steam Turbine Spare Parts
  • (2) 2006 Toshiba 455 MVA Generators 19.5 KV
  • (6) Power Distribution Control Centers, Evolution Series MCC & MKVI TMR Controllers
  • (4) Power Distribution Control Centers, Power / Vac Metal Clad Switchgear
  • (12) 2006 APV Plate Frame Heat Exchangers
  • (2) 2006 Trane Chiller Systems, Model CDHF3500, 3500 Ton
  • (4) Kone 7.5 Ton CXT Monorail Crane

If not purchased in its entirety, the machinery and equipment will be sold separately via online auction scheduled for 2020; therefore, turnkey buyers are encouraged to submit offers prior to the New Year.

James Gardner, Partner and Senior Vice President for The Branford Group, stated, “The GE Inland Empire Facility is a state of the art, 790 megawatt combined cycle power plant that has the ability to power up 600,000 homes. The offering of this modern facility provides buyers with a rare opportunity to upgrade their outdated power generation capabilities with newer more efficient capacity at a reduced price.”

The offer deadline for this Private Treaty Sale offering is scheduled for December 31, 2019; however, bids prior to the deadline are encouraged. On-site inspections will take place by request only. For more information regarding site viewings, please contact Andrew Duncan at [email protected]

Machinery and equipment will be sold via online auction in January 2020, if not purchased on or by the December 31 deadline.

For further information on the property and an explanation of the sale process visit The Branford Group sale details page here

Information on the industrial machinery and equipment included in this sale can be found at https://www.thebranfordgroup.com/DNN3/Auction/GECA1019.aspx or by reaching out to Andrew Duncan at 203-464-1610 or via email at [email protected]

About The Branford Group:

The Branford Group is a recognized leader in surplus industrial machinery and equipment auctions and valuations. Our certified and experienced auctioneers and appraisers value and sell business equipment, entire manufacturing plants, complete warehouses, real estate or intellectual property (IP) across a diverse array of industries.

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Copyright Business Wire 2019