BCPG Public Company Limited (SET: BCPG) said on Monday that on March 31, it entered into a Purchase and Sale Agreement with Franklin Power Holdings, LLC to purchase 25.00% of all shares in Hamilton Holdings II, LLC (Target Company) for an amount not exceeding USD 260,000,000 (or equivalent to THB 8,919,300,000), with the Target Company holding 100.00% of shares in the projects as detailed below:
1) A combined cycle gas turbine project being Hamilton Liberty LLC (Liberty) with an installed capacity of 848 megawatts, which is located in Asylum County, Pennsylvania, United States. The installed capacity based on the Company’s shareholding proportion of 25.00% is equal to 212 megawatts;
2) A combined cycle gas turbine project being Hamilton Patriot LLC (Patriot) with an installed capacity of 857 megawatts, which is located in Clinton County, Pennsylvania, United States. The installed capacity based on the Company’s shareholding proportion of 25.00% is equal to 214 megawatts.
This investment follows the approval of the Board of Directors Meeting on February 20, 2023 to invest in combined cycle gas turbine projects in the United States, and it will result in BCPG acquiring 426 megawatts of installed capacity.
