InterGen completed the financing of a 300MW open cycle gas turbine (OCGT) development in Lincolnshire, England on February 27,2018.

Backed by Santander and Nord LB, the £100m project forms part of an expansion to InterGen’s Spalding Power Station in the county.

The Spalding OCGT unit won a 15-year, £22.50/kW capacity market contract from National Grid in December 2016. It is the first and only thermal plant project entered into the auction to be project financed. The unit is due to begin operations in 2019.

Operis is pleased to have performed an audit of the financial model, which included a review of the tax and accounting treatments.

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Erwan Fournis
Global Head of Financial Advisory

+44 207 562 0444

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Carmen Wade
Financial Advisory, Head of North America

+1 647 243 3840

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Jun Tao
Global Head of Model Audit & Financial Modelling

+44 207 562 0428

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Mark Southall
Associate Director - Model Audit & Financial Modelling

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Operis Europe

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Operis North America

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Discuss your requirements with us

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Erwan Fournis
Global Head of Financial Advisory

+44 207 562 0444

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Chris Aldred
Director

+44 207 562 0433

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