Banpu Plans $1.5 Billion US Power Investment on Data Center Boom

Thai energy company Banpu Pcl plans to invest at least $1.5 billion in a US expansion to tap surging electricity demand driven by data centers.

Its American unit BKV Corp. is considering greenfield construction and acquisitions of gas-fired power plants to add about 1,000 megawatts of power generating capacity, said Sinon Vongkusolkit, Banpu’s chief executive officer. Banpu will focus on new power projects and acquisitions in Texas, where the company operates twin gas-fired power plants through its US publicly traded subsidiary.