Private equity-backed power development company Sithe Global Power sells stake in Goreway Station combined cycle power plant

Independent power development company Sithe Global Power, through its wholly-owned affiliate, Goreway Luxembourg Holdings, has sold a 25 per cent ownership interest in Goreway Station, an 875MW combined cycle power generating facility, to Chubu Electric Power Goreway, a wholly-owned subsidiary of Chubu Electric Power Company, Inc. and Toyota Tsusho Goreway Netherlands, a wholly-owned subsidiary of Toyota Tsusho Corporation.