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    Electricity Generating (Egco) Acquires 49% Stake in Rhode Island State Energy Center


    December 2, 2022 - Marketline - Deals

     

      Deal In Brief

      Electricity Generating Public Company Limited or EGCO Group has further expanded its power business in the USA through the acquisition of a 49% interest in Rhode Island State Energy Center, LP, (RISEC), a 609MW natural gas fired combined-cycle power plant situated in Johnston, Rhode Island

      Barclays acted as financial advisor to RISEC.

      Deal Type Acquisition
      Sub-Category Minority Acquisition
      Deal Status Completed: 2022-11-14

      Deal Participants

      Target (Company) Rhode Island State Energy Center - US
      Acquirer (Company) Electricity Generating Public Co Ltd

      Deal Rationale

      % Acquisition 49%

      (Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Marketline shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon.)

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