Banpu Power (BPP) shareholders have overwhelmingly approved its amalgamation with Banpu Public Company Limited (BANPU) and the partial divestment of a 25% stake in its U.S. gas-fired power plant joint venture, BKV-BPP Power LLC, to BKV Corporation.
This strategic move aims to elevate BPP into a pure-play power platform under the Banpu Group's 'Power+' strategy, enhancing long-term competitiveness and reflecting the true market value of its U.S. assets while paving the way for new investment opportunities.
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