BPP invests in the “Temple II” CCGT gas-fired power plant and increases energy capacity in the US with rapid revenue recognition.
Banpu Power Public Company Limited, also known as BPP, is a reputable global power producer who adheres to the delivery of sustainable energy. It now owns the 755 MW Temple II natural gas power plant in Texas, USA, which was previously owned by CXA Temple 2, Holdco, LLC. As a result of the synergies with the current Temple I power plant, BPP has excellent expansion possibilities in the US. Including the capacity to provide cash flow right away.
The deal, through BPP’s subsidiary, Temple Generation Intermediate Holdings II, LLC1, will result in BPP adding approximately 378 MW of equity capacity.
Banpu Power Public Company Limited’s Chief Executive Officer, Mr. Kirana Limpaphayom, stated: “This investment is in keeping with BPP’s Greener & Smarter strategy and marks a significant step in our sustained business expansion in the nation. By making the acquisition, BPP is also extending its ecosystem, which is already encompassing other business divisions across the whole US market value chain. Among the top 7 electricity markets in the US is ERCOT (Electric Reliability Council of Texas), which owns the Temple I natural gas power plant. The sale of power to residential users is also included (Power Retail).
BKV-BPP Power, LLC (“BKV-BPP”), a joint venture established by Banpu Power US Corporation (“BPPUS”) in which BPP holds shares, is the sole owner of Temple Generation Intermediate Holdings II, LLC. 100% as well as BKV Corporation (“BKV”), in which Banpu Public Company Limited owns 96.1% of the stock and holds the same percentage of 50% of the outstanding shares. allow the Group of Companies to establish the management structure possesses the authority to decide on tactical financial and operational issues in a variety of economic activities. As a result, it is categorized as a subsidiary because the Group of Companies has the authority to govern it.
Taking into account the current Temple I natural gas power plant We can work together to create value thanks to our closeness to the Temple I and Temple II power plants. Makes power plant management and operation more effective. Power generation becomes more flexible and reliable as a result. can take advantage of more lucrative chances in the market for free electricity. Including coordinated resource management for the greatest good. As a result, a corporation is able to control lower unit costs and ultimately produce larger returns.
There are four primary areas where the Temple II natural gas power plant excels: 1) It is a sizable power plant that uses Combined Cycle Gas Turbines (CCGT) technology, which is cutting edge and incredibly efficient. In accordance with market conditions and competition in ERCOT’s free electricity market, high flexibility and in good standing, as well as the use of cutting-edge emission control technologies. Consequently, it is regarded as one of the top environmentally beneficial natural gas power plants in the US.
Because it responds to the demands of the free electricity trading market, which varies in real time, it plays a significant role in providing electricity to meet the needs of the area. Additionally, it is close to the Temple I natural gas power plant, increasing output effectiveness. 4) The expanded capacity improves BPP’s benefits in controlling break-even points and spreading out risks. The Company’s Power Business Value Chain
READ MORE: http://pattayaone.news
SOURCE: http://banmuang.co.th
