BKV Corporation Acquires Additional Interest in BKV-BPP Power Joint Venture
January 30, 2026
BKV Corporation acquired one-half of Banpu Power US Corporation’s (BPPUS) interest in BKV-BPP Power, LLC for approximately $115.1 million in cash and 5,315,390 newly issued BKV common shares, increasing BKV’s ownership in the power joint venture to 75% from 50%. The transaction gives BKV majority control of the JV (which owns the Temple I and II combined-cycle gas power plants in Temple, Texas) to consolidate results and accelerate expansion of its power operations in the ERCOT market.
- Buyers
- BKV Corporation
- Targets
- BKV-BPP Power, LLC
- Sellers
- Banpu Power US Corporation (BPPUS)
- Industry
- Energy
- Location
- Texas, United States
- Transaction Type
- Buyout
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