NET Power buys EMPower position under $196.7M EPC for 123-MW gas plant
NET Power acquired EMPower’s owner position for a 123-MW gas-fired facility. Deal uses a $196.7 million EPC; NET Power paid $58.95 million in cash and assumed about $177.8 million of remaining commitments at closing.
NET Power advanced its Project Permian plan by acquiring EMPower’s owner position under a $196.7 million EPC for a 123-MW gas-fired facility, paying $58.95 million in cash to EMPower and assuming approximately $177.8 million of remaining commitments.
At closing, NET Power also paid $58.63 million f…