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Temple Generation I LLC

Company Summary

Description

Operator of a 758-MW gas power plant in Texas.

Website

https://templegenerationi.com/

Operational Regions

  • ERCOT

Recent news

  • 11/2/2021 - BKV & Banpu Closes on... (subscriber access)
  • 8/19/2021 - BKV Corp Acquires 758-MW... (subscriber access)

Company Transactions

Date: 10/15/2021
Type: Acquisition

BUYERS:
  • Banpu Kalnin Ventures (BKV)
    • SELLERS:
  • Temple Generation I LLC
    • ASSETS:
  • Temple Generation Gas Power Plant
    • DETAILS:

    COST: 430 $MM

    VOLUMES: 758 MW

    NOTES:
    BKV Corp. has executed a deal with Temple Generation to acquire a 758-MW gas power plant for $430 million. Closing is targeted for the fourth quarter of 2021. The strategy by BKV is to build out a full chain of gas assets, from wellhead to power plant, with BKV CEO Chris Kalnin citing that the deal "makes us a value-chain energy player." They are also now looking into potential solar expansions near the power plant.
    REGIONS:
  • ERCOT