ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Thai coal miner buys gas-fired power plant in US for $430m

Banpu accelerates green investment as part of strategy to deter from coal

BANGKOK -- Thailand's biggest coal miner Banpu has invested $430 million to acquire a 100% stake in a large-scale gas-fired power plant in the U.S., hurrying to move away from its main business, which has a large environmental impact, to a green business.

The company acquired the power plant in Texas from Temple Generation I and signed the contract on Aug. 10. The transaction is expected to be complete by the fourth quarter of 2021.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more