EGCO Group successfully increased its stake by 10% in the 980 MW Linden Cogen power plant in New Jersey, USA.

EGCO Group, through its subsidiary EGCO Linden II, completed the acquisition of an additional 10% stake in Linden TopCo LLC, the operator of the Linden Cogen power plant in the U.S., increasing its total holding to 38%. This deal adds 98 MW of equity capacity to EGCO's portfolio.

This strategic investment enhances EGCO Group's presence in the dynamic U.S. energy market, particularly in high-demand regions like New York and New Jersey, and is expected to boost the company's dividend income and net profit.

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