Electricity Generating Public Company Limited (SET: EGCO) has informed the Stock Exchange of Thailand (SET) that EGCO New York, LLC, a wholly owned subsidiary of EGCO domiciled in the USA, entered into a Purchase and Sale Agreement with Gulf Pacific Power, LLC (GPP) on September 16, 2026, to acquire a 45.0549% indirect ownership interest in Astoria Energy II LLC (AE II) from GPP.
The investment in AE II was an accretive investment aligned with EGCO’s strategic objective of acquiring high-quality gas-fired power facilities. The investment also represents a further enhancement of EGCO’s presence in the U.S. power markets where it is actively engaging in the country’s energy security goals.
AE II owns a 615 MW combined-cycle natural gas-fired power plant (CCGT), located in Queens, New York City, New York, USA. The power plant commenced operation in July 2011. The facility supplies energy, capacity and ancillary services under a long-term tolling agreement with the Power Authority of the State of New York (NYPA). NYPA is a public benefit corporation wholly owned by the State of New York.
