No financial details were disclosed by the buyer, which made the takeover through subsidiary Crawfordsville Energy, or the seller, Crawfordsville Electric Light and Power.
The plant has infrastructure already in place for added gas-fired generation capacity and Sterling said it would look at the deployment of its clean coal technologies on the existing units as well as adding combined-cycle gas-fired capacity and a steam loop to create a combined heat and power facility.
The company did not provide a timeline for its potential plans.
“With job creation and green energy production as our core business, we intend to establish a centre in the Midwest to support all of our power generating facilities and oil and gas production,” Sterling president and chief executive officer William Harrington said.
Privately held Sterling is based in Gary, Indiana.
It has operations in Morgantown, Kentucky; Niagara Falls, New York; and Crawfordsville, Indiana.
