Thailand’s power producer, Gulf Energy Development Plc, has completed a deal to acquire a 49 percent stake in the 1,200-megawatt gas-fired power project in Illinois as part of its expansion efforts in the United States.
The company initiated the acquisition through its subsidiary Gulf Energy USA in September 2022. The deal, valued at more than $400 million, gives Gulf Energy a 49 percent stake in the Jackson Generation natural gas-fired power project.
