SET-listed BCPG Plc, the power generation arm of Bangchak Corporation, will acquire shares worth US$260 million in Hamilton Holdings II LLC to further expand its gas-fired power plant business in the US.
Hamilton Holdings II operates two power plants, using combined cycle gas turbine technology, in Pennsylvania.
The BCPG board approved a plan to buy a 25% share in Hamilton Holdings II from Franklin Power Holdings, said Niwat Adirek, chief executive and president of BCPG.
The investment would be made through BCPG’s wholly-owned BCPG USA Inc.
One of the two power plants – Hamilton Liberty LLC – has an…
