Stake in 972MW gas-fired facility in New Jersey opens further investment opportunities
Bangkok-based Electricity Generating Public Company Limited (EGCO Group) has made its first investment in the US market, with the acquisition of a stake in New Jersey power plant Linden CoGen.
The 972MW natural gas-fired cogeneration facility is located in Linden, New Jersey, and is majority-owned by Linden Topco. The deal involves EGCO taking a 28% stake in Linden Topco.
The facility sells energy, capacity and ancillary services into the New York System Operator (NY-ISO Zone J) and the PJM PS North power market in New Jersey, which are two of the most capacity-constrained power markets in the United States. It also has long-term steam and electricity sales contracts with large industrial offtakers.
“This acquisition marks the first investment by EGCO in the US, a large market with over…
