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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% 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.

 

* Osaka Gas Group is now Daigas Group

 

Project overview

Project Name

Kleen Energy

Location

Connecticut, US

Capacity

620MW

COD

July, 2011

Equity Owners

Osaka Gas Co., Ltd. (24.3%)
Kyushu Electric Power Co., Inc. (20.25%)
Sojitz Corporation (20.25%)
The Chugoku Electric Power Co., Inc. (16.2%)
Existing Investor (19.0%)

 

Project location map and image



  Website “ENTERPRISE FUTURE” is introducing challenges on a global scale
and technological development by Daigas Group
(PC)http://www.osakagas.co.jp/en/company/enterprise_future/別ウインドウで開く
(Smart Phone)http://www.osakagas.co.jp/sp/en/company/enterprise_future/別ウインドウで開く
 

 


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