EGCO Group to acquire a 28% interest in Linden Cogen.

EGCO Group, a holding company with investment in power generation and supply, agreed to acquire a 28% interest in Linden Cogen, a 972MW gas fired cogeneration facility in the US. Financial terms were not disclosed. The Transaction is expected to close in the second quarter of this year following successful completion of all closing conditions. “This acquisition marked the first investment by EGCO in the US, a large market with over 1,100GW of installed capacity and vast opportunities in renewable and supporting gas-fired power facilities. The investment will allow EGCO to enter the US market, and position it for new investment opportunities in the US," Jakgrich Pibulpairoj , EGCO President.