BG Group has extended its interests in the United States with the $685m (£350m) acquisition of a power plant in Connecticut, New England.
The group is buying the Lake Road plant, an 805MW gas and oil-fired combined cycle facility in Dayville.
BG said it is a modern three-unit facility with the potential for further expansion. It is the UK group's second power plant acquisition in the region, following its purchase of the Dighton plant in Bristol County, Massachusetts in October.
The group is buying the Lake Road plant, an 805MW gas and oil-fired combined cycle facility in Dayville.
BG said it is a modern three-unit facility with the potential for further expansion. It is the UK group's second power plant acquisition in the region, following its purchase of the Dighton plant in Bristol County, Massachusetts in October.
BG director Martin Houston said the acquisition represents "an important step in the implementation of our integrated US strategy".
He added: "Lake Road and Dighton have the potential to offer BG attractive returns and will be readily integrated into our growing US gas business."
He added: "Lake Road and Dighton have the potential to offer BG attractive returns and will be readily integrated into our growing US gas business."
Source: The Guardian
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