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Hilco Industrial, LLC Has Been Retained By Calpine to Auction Eight Unused Surplus Gas and Steam Turbine Generators, and Miscellaneous Plant Equipment

Posted on: Wednesday, 4 October 2006, 09:00 CDT

Hilco Industrial, LLC has scheduled a November 16th, 2006 date for the simultaneous on-site and Global WebCast auction of Eight unused Gas and Steam Turbine Generators and miscellaneous plant equipment, for Calpine Corporation in Las Vegas, Nevada at 10 am Pacific Time. Calpine Corporation is a major North American power company, delivering electricity to 20 U.S. States and three Canadian provinces.

This unprecedented offering will provide a great opportunity to acquire unused equipment and is being conducted by order of the US Bankruptcy Court. The auction will feature four Siemens 501FD-2 Gas Turbine and Generators, Three GE LM6000 Gas Turbine and Generator sets and One Fuji 140 MW Steam Turbine and Generator set. The auction will also feature balance of plant equipment including valves, a turbine inlet chiller package, a unit auxiliary transformer, and residual GE7FA engine equipment.

A preview of these assets will take place by appointment only. Please contact Hilco Industrial at 248-254-9999 to set up a preview appointment. The Auction will be conducted on Thursday, November 16th, 2006, beginning at 10 am PT. Prospective buyers may bid online at www.hilcoind.com or attend in-person. Preview information, equipment site, asset catalog, terms and conditions and online bidding procedures are available at www.hilcoind.com.

Hilco Industrial, LLC www.hilcoind.com helps manufacturers, wholesalers, distributors, and the financial institutions that serve them, to maximize the value of surplus and under-utilized industrial machinery, equipment and inventory. A global leader in industrial asset monetization, Farmington Hills, Michigan-based Hilco Industrial has substantial capital resources available to acquire assets and subsequently sell them at on-site and/or webcast auctions, or through negotiated sales. Hilco Industrial, LLC is a member of The Hilco Organization [www.hilcotrading.com], an internationally-known and respected provider of asset valuations, asset acquisition and disposition services, and specialized debt and equity capital.


Source: Business Wire

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