HomeNovember 2, 2021
Natural Gas E&P Company Closes On Acquisition Of Power Plant In ERCOT
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BKV Corporation (BKV), in partnership with Banpu Power US Corporation, announced today that they have closed on their previously reported purchase of the Temple 1 power plant, a natural gas-fueled power plant, located in Temple, Texas, for $430 million.
BKV, a national natural gas exploration & production company, and Banpu Power US Corporation acquired the equity interests for the power plant from Temple Generation Intermediate Holdings II, LLC, the entity that owned Temple 1, through its subsidiary, Temple Generation I
Both BKV and Banpu Power US are units of Banpu Public Company Limited, an energy conglomerate based in Thailand.
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