» Thai firm acquires stake in Pennsylvania power plant

A Thai company will help light up Pennsylvania as BCPG Plc, the power generation arm of Bangchak Corporation, is purchasing a $260 million stake in Hamilton Holdings II, which operates two gas-fired power plants in the state.

The deal comes just two weeks after Thailand’s Electricity Generating Public Company (EGCO) acquired a 49 percent interest in Rhode Island State Energy Center, a 609-megawatt natural gas-fired combined-cycle power plant situated in Johnston, Rhode Island.

Those were just two markers in an increasing trend of Thai power producers expanding overseas, including renewable power producers such as B.Grimm, which recently…