The US-based energy companies BKV Corporation and Banpu Power US Corporation (BPPUS) have announced that they have signed a definitive purchase agreement, under which BKV will acquire half of BPPUS’ stake in their BKV-BPP Power joint venture (BKV press release, 29/10/2025).
- BKV-BPP Power, a joint venture between BKV and BPPUS, owns the Temple I (752 MW) and Temple II (747 MW) CCGT power plants, located in the Electric Reliability Council of Texas (ERCOT) North Zone in Temple, Texas (United States).
BKV is a US energy company focused on natural gas production, with operations spanning gas gathering, processing and transportation, power generation, and carbon capture and storage. Upon closing, BKV will hold a 75% interest in BKV-BPP Power. BKV expects the transaction to close in the first quarter of 2026, subject to customary closing conditions.
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