Deal description: BKV-BPP Power, LLC, a joint venture between BKV Corporation (BKV) and Banpu Power US Corporation, announced that it has closed on the purchase, through its subsidiary Temple Generation Intermediate Holdings II, LLC, of the entity that owns a natural gas-fueled power plant, located in Temple, Texas.
BKV-BPP Power, LLC, also owns and operates the Temple I Power Plant, a natural gas-fueled, combined cycle facility that sits on the same site as the Temple II Power Plant and utilizes advanced technologies to generate power in a low-carbon, efficient manner.
Built over 2.5 years, the Temple II Power Plant opened for commercial operation in the second half of 2015 and is equipped with modern, flexible, and efficient combined cycle turbines; the power generation facility features advanced emissions-control technology, making it, like the Temple 1 facility, one of the lowest carbon-emitting natural gas-fueled power plants in the U.S. The power plant provides enough energy to power 750,000 homes across central Texas and is strategically located adjacent to the I-35 corridor in central Texas, between Dallas-Fort Worth and Austin.
Baker Botts acted as legal advisor to BKV-BPP Power, LLC.
The company’s press release can be found here.
Baker Botts Lawyers/Offices Involved:
Global Projects: Elaine Walsh (Partner, Washington, D.C.), John Papaspanos (Partner, New York), Frank Schoen (Partner, New York), Dan Kruger (Partner, Washington, D.C.), Vladimir Fet (Special Counsel, San Francisco), Lee Davis (Special Counsel, Washington, D.C.), Carlos Marquez (Senior Associate, Washington, D.C.), Allie Hemmings (Associate, Washington, D.C.), Sarah Hendrix (Associate, Dallas), and Erica Hudson (Law Clerk, New York)
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