BANGKOK, Sept 9 (Reuters): Thailand's Gulf Energy Development Pcl on Friday said it has invested $409 million in a 49% stake in Jackson Generation, a 1,200-megawatt gas-fired power project in Illinois, its first expansion into the United States.
Gulf is acquiring the stakes from its long-term Japanese partner, J-Power and joins other Thai firms in investing in U.S. energy, including miner Banpu Pcl, owner of Denver-based BKV, which in May bought natural gas properties from Exxon Mobil for $750 million.
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