BKV finalises majority stake acquisition in BKV-BPP Power JV

US-based vigor institution BKV has completed the $115.1m acquisition of an further involvement successful BKV-BPP Power, a associated task (JV) betwixt BKV and BPPUS, expanding its ownership from 50% to 75%.

The transaction, conducted done a operation of currency and 5,315,390 recently issued shares, grants BKV greater power implicit the JV and streamlines its powerfulness operations.

The transaction, archetypal announced connected 29 October 2025, advances BKV’s closed-loop vigor strategy by providing bulk ownership and operational power of the Power JV.

The JV comprises the Temple I and II powerfulness plants, which presumption the institution to respond to accrued powerfulness request successful the Electric Reliability Council of Texas market. Growth successful AI and information centre improvement is driving the request for reliable powerfulness supplies.

The accrued ownership enables BKV to see the JV’s fiscal results successful its consolidated accounts, providing greater transparency successful wide currency flow. This operation allows investors to much intelligibly measure the publication of BKV’s powerfulness assets wrong its wider portfolio.

The caller governance arrangements volition amended alignment betwixt powerfulness operations and BKV’s maturation objectives portion supporting continued reliability astatine the Temple facilities.

BKV CEO Chris Kalnin said: “The palmy closing of this transaction represents a captious measurement guardant for BKV’s powerfulness business.

“BKV’s bulk involvement successful the Power JV enhances our strategical flexibility and strengthens our quality to seizure and afloat capitalise connected the exceptional maturation opportunities we spot successful the Texas powerfulness market.

“This consolidated level volition service arsenic our instauration for expanding our powerfulness plus portfolio portion maintaining our beardown concern with BPPUS.”

BKV operates arsenic a earthy state shaper with assets successful midstream infrastructure, earthy gas-fired generation, upstream production, and c capture, utilisation and storage.

The institution continues to grow its end-to-end vigor worth concatenation with an accent connected baseload powerfulness transportation and sustainable vigor solutions.

"BKV finalises bulk involvement acquisition successful BKV-BPP Power JV" was primitively created and published by Power Technology, a GlobalData owned brand.

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