Japanese Utilities Buy Stake in U.S. Gas Plant

By Editors of Power Engineering

Tokyo Gas America announced plans to acquire a 25 percent interest in a combined-cycle power plant in New York.

The acquisition is through a joint venture company TTK Power LLC, which is jointly owned by Tokyo Gas America, Tyr Energy Inc., a subsidiary of ITOCHU Corp., and KPIC USA LLC, a subsidiary of Kansai Electric Power.

This is the first U.S. power generation investment by Tokyo Gas.

The Empire generation facility in Rensselaer, New York has a capacity of 645 MW. Its majority owner remains Empire Generating Co. LLC.

The announcement by Tokyo Gas noted North America shows growth in electric power demand and opportunities for natural gas development.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...