EIF Snags Brooklyn Navy Yard

The plant has been undergoing repairs totaling $20 million since hurricane Sandy hit the New York area in late October. Its turbines were not damaged but equipment required replacement or refurbishment. Olympus aimed to have the repairs complete by the end of 2012 but that work continued into the ne...

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Bibliographic Details
Published inPower Finance & Risk
Main Author Fletcher, Holly
Format Trade Publication Article
LanguageEnglish
Published London Euromoney Institutional Investor PLC 07.01.2013
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Summary:The plant has been undergoing repairs totaling $20 million since hurricane Sandy hit the New York area in late October. Its turbines were not damaged but equipment required replacement or refurbishment. Olympus aimed to have the repairs complete by the end of 2012 but that work continued into the new year, says a deal watcher, noting that the plant could be back online any day. The gas-fired facility sits between the Manhattan and Williamsburg Bridges in New York.
ISSN:1529-6652