ACR IV Frontier to acquire 50% stake in Tenaska Frontier Partners from J-Power USA for $155m.

ACR IV Frontier, an investment fund, agreed to acquire 50% stake in Tenaska Frontier Partners, a company owning and operating 830 megawatt gas-fired power station in Texas, from J-Power USA, a company owning, developing and managing power facilities in the North America, for $155m. Divesting a 50% stake in the company is a part of a reshuffle of J-Power assets portfolio to improve capital efficiency and shift to renewable energy.