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New ownership for Middletown power plant

The private-equity owner of the 620-megawatt Kleen Energy power plant in Middletown said it has sold a majority stake to four Japanese companies.
Ares EIF, a unit of California-based Ares Management, said it’s formed a new investment vehicle to manage Kleen Energy Systems LLC on behalf of the new investor group, which includes three Japanese utilities and a Tokyo-based global trading company.
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