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With assistance from Norwalk-based Capital Technology Inc., Tenaska is on track for a federal guarantee covering $2.5 billion in loans to build a newfangled power plant in Illinois.
Along with Citi, Capital Technology advised Omaha, Neb.-based Tenaska in its bid for guarantees from the U.S. Dept. of Energy for a “clean coal” plant near Springfield, Ill. The plant is designed to produce electricity by converting coal to natural gas while capturing carbon dioxide emissions, than burning the relatively clean fuel to produce power.
Capital Technology is run by CEO David Siever, who launched the company 20 years ago and who has advised in roughly $5 billion in various energy projects since.
