InterGen re-enters Calon acquisition talks as creditor pushes quick sale

24 April 2020 - 12:00 am UTC

InterGen has re-entered talks to acquire Calon Energy, a U.K. independent power producer with some 2.3 GW of natural gas-fired generation after the London-based IPP’s sole lender looks to push ahead with a fast-track sale.

Edinburgh-based InterGen is understood to be evaluating filing a bid as early as this week to effectively acquire the company’s assets through a purchase of Texas lender Beal Bank’s two-year debt, which is secured against Calon’s assets. 

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