OPC Energy Ltd., through its subsidiary CPV, has secured a $1.1 billion low-interest loan from the Texas Energy Fund to develop a 1,350-megawatt combined-cycle natural gas power plant in Ward County, Texas. Named the CPV Basin Ranch Energy Center, the facility will be the largest project financed to date by the Texas Energy Fund and represents over 10% of the program's goal for new dispatchable generation capacity. The plant, designed to incorporate future carbon capture technology and powered by GE Vernova turbines, will support grid reliability and is expected to begin operations in 2029, providing electricity to approximately 850,000 homes in West Texas.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. OPC Energy Ltd. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251030191068) on October 30, 2025, and is solely responsible for the information contained therein.