Gulf Energy Development to acquire a 49% stake in Jackson Generation from J-POWER USA.

Gulf Energy Development, a Thai energy and infrastructure company, agreed to acquire a 49% stake in Jackson Generation, an energy facility, from J-POWER USA, a competitive energy producer. Financial terms were not disclosed. "J-POWER USA is excited to partner with GULF, a leading power and infrastructure company in Thailand as they make their first investment into the U.S. power market. We expect Jackson Generation to continue to deliver clean reliable power to residents in Illinois as we work toward a clean energy future," Mark Condon, J-POWER USA President and CEO.