Ares EIF Management - St. Joseph Energy Center
Siemens to supply key components for combined cycle power plant in Indiana
Ares EIF Management, LLC. sought financing support for the construction of the St. Joseph Energy Center in New Carlisle, Indiana. Slated for operation in spring 2018, the 670 megawatt facility will be capable of supplying resource-saving power for over 450,000 households.
Siemens Financial Services supported the project's construction financing with a commitment of $50 million. The project will feature Siemens gas turbines and generators - in addition, Siemens will be the premiere technology partner for the St. Joseph Energy Center, which will feature world-class power equipment.
The construction of the St. Joseph Energy Center Project will provide cleaner-burning, low-cost natural gas for St. Joseph County residents. Siemens will provide financial support, in addition to equipment and services. Siemens will offer a 25-year long-term service and maintenance agreement to enable major components of the project.