Harbert Management acquires Georgia power plant

Birmingham-based Harbert Management Corp. has officially expanded its energy portfolio with the acquisition of a Georgia power plant. The transaction, for which the financial terms remain undisclosed, marks a significant move in the firm's ongoing commitment to investing in U.S. energy infrastructure.

Strategic Asset Acquisition

The facility in question is Mid-Georgia Cogen, a 317-megawatt, dual-fuel, combined-cycle cogeneration plant situated in Kathleen, Georgia. This plant serves as a vital source of power generation for the region located just south of Warner Robins.

Having been operational since 1998, the facility has a proven history of service under a long-term power purchase agreement with Georgia Power. Looking ahead, the plant is set to continue its role in the region with a new 20-year purchase agreement with Georgia Power, scheduled to commence in 2028.

Decades of Energy Experience

This latest acquisition aligns with Harbert's long-standing strategy of investing in high-quality power generation assets. Under the Harbert Power banner, the company has spent the last 40 years deploying more than $13 billion in capital across the renewable, dispatchable, and distributed energy sectors.

Claude Estes, Head of Harbert Power, highlighted the value this deal brings to their existing operations. According to the original report, Estes noted that the plant is an attractive addition that allows Harbert to leverage its expertise as both an owner and operator to support utility partners.

"Our focus is on working closely with our partners, executing reliably, and investing in the operational and commercial capabilities needed to help meet evolving system requirements," Estes stated. He added that the firm's approach is increasingly vital as utilities navigate the challenges of sustained load growth and the urgent need for dependable, dispatchable generation sources.