Co-Gen Power Plant

Ownership, Operations and Maintenance of a Central Utility Plant

Colortex (formerly NC Finishing) – Spencer, North Carolina

Peregrine Energy purchased the central steam and process water plant in April 1997 and implemented over $5 million in capital improvements through a turnkey, design/build, own/operate structure.  The new entity, Kannapolis Energy Partners, LLC, operated and maintained the plant, after completion of construction, with an almost zero outage history.  Peregrine Energy’s operation of the steam plant provided Color-Tex significant fuel savings and savings from textile production losses previously due to outages and water quality.

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