Investor Presentaiton
EGCO Group Acquires 49% Interest in "RISEC" 609 MW
Natural Gas Power Facility in the USA
RISEC
YEARS
35 EGCO
GROUP
Timeline:
Purchase and Sale Agreement ("PSA") was executed on 11
November 2022.
Location
Natural Gas Combined Cycle Power Facility
Gross Nominal Capacity
EGCO Shareholding
COD (Class Upgrade)
Capacity under contract
Tolling Agreement CP
Market Capacity Zone
Fuel
Further Opportunities
Johnston, Rhode Island, USA
609 MW (with Peak Fire)
49.0%
November 2002 (Upgraded class 2011)
100% contracted through 2025
Shell Energy North America (credit A / A2)
ISO-NE (SEMA / RI) | SENE
Natural gas
On-site battery energy storage
Hydrogen and/or RNG co-firing capability
The Committee on Foreign Investment in the United States
("CFIUS") clearance granted on 30 December 2022.
The Federal Energy Regulatory Commission ("FERC")
review of market concentration matters is underway. No
public interest group filed any protest/ intervention in this
transaction. FERC approval is expected by mid on March
2023.
FERC clearance is the final condition precedent prior to the
transaction closing, which is now expected to come within
March 2023.
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