🏭Osaka Gas USA acquires natural gas-fired power plant in Connecticut, US

🏭Osaka Gas USA acquires natural gas-fired power plant in Connecticut, US

May 15. 2018
Osaka Gas USA, a 100% subsidiary of Osaka Gas Co. Ltd., has agreed to acquire 24.3% of the ownership of Kleen Energy, a natural gas-fired power plant in Middletown, Connecticut from funds managed by Ares EIF Management, LLC.

Kleen Energy is an approximately 620MW gas-fired facility that has been in operation since July 2011. The facility has a long-term capacity agreement with a local utility.

As laid out in its long-term management vision “Going Forward, Beyond Borders 2030,” Daigas Group* focuses on the US energy market as one of its strategic areas for further growth in its international business segment.

http://www.osakagas.co.jp/en/whatsnew/1270643_11885.html

http://www.osakagas.co.jp/company/press/pr_2018/1270660_37838.html