# EGCO Group acquires 49% stake in RISEC natural gas power plant in USA

EGCO Group, through its subsidiary EGCO RISEC II, LLC, signed an agreement to acquire a 49% interest in the 609 MW RISEC natural gas-fired combined-cycle power plant in Johnston, Rhode Island, USA. The transaction is expected to close in Q1 2023.

- Type: Acquisition
- Announced: 2022-11-11
- Where: Johnston, Rhode Island, United States
- Status: announced
- Capacity: 609 MW
- Products: natural gas-fired power
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Shell Energy North America](https://endata.com/companies/43005.md) (customer)
- [EGCO Group](https://endata.com/companies/56750.md) (acquirer)
- [Cogentrix RISEC CPOCP Holdings](https://endata.com/companies/66610.md) (partner)
- [Cogentrix RISEC CPP II Holdings](https://endata.com/companies/66611.md) (partner)

## Sources

- [egco.com](https://www.egco.com/en/newsroom/press-releases/323/egco-group-acquires-49-interest-in-risec-609-mw-natural-gas-power-facility-in-the-usa), 2022-11-14: "EGCO Group has further expanded its power business in the USA through the acquisition of a 49% interest in Rhode Island State Energy Center, LP, a 609MW natural gas fired combined-cycle power plant."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.