BPP plans to ramp up US expansion
Power firm looking for more acquisitions
Banpu Power Plc (BPP), the power generation arm of non-oil energy conglomerate Banpu Plc, is looking for new business opportunities in the US under its plan to make America its “second home” for energy business expansion.
The move comes after BPP completed a share purchase deal worth US$430 million, or around 14.29 billion baht, to acquire Temple 1, a gas-fired power plant in Texas.
Its parent company earlier acquired gas businesses in Texas’s Barnett Shale field and Pennsylvania’s Marcellus Shale field.
The purchases will pave the way for Banpu to have a base for energy businesses in the US, alongside its headquarters in Thailand where the company was founded, said Kirana Limpaphayom, chief executive of BPP.
He said the company is…
