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Gas Exploration and Production Company to Buy Gas-Fired Power Plant in Texas

August 12, 2021

BKV Corp., a privately held natural gas exploration and production company headquartered in Denver, Colorado, said it will purchase the Temple 1 power plant in Temple, Texas. The deal, valued at $430 million and subject to customary closing conditions, is expected to close in the fourth quarter of 2021.

“We’re excited about this acquisition, and the strategic steps we are taking to position BKV as a leading integrated energy company with cleaner, greener energy,” Chris Kalnin, CEO of BKV, said in a statement issued to POWER.

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