Trafigura Joint Venture Completes Acquisition Of Texas Power Plant

Trafigura and its joint venture partner Frontier Group of Companies are pleased to announce the acquisition of the Mountain Creek power plant in Texas from a group of financial investors for an undisclosed sum.

The 808MW steam turbine gas-fired power plant in ERCOT, located close to Dallas, provides a flexible source of electricity during periods of high demand. The acquisition presents an opportunity for Trafigura to strengthen its gas and power business in North America and expand its product offering. In addition, the 1,500 acre site with existing grid infrastructure offers potential future development opportunities.

“This strategic asset will support our growing gas and power business in the US and will continue to provide a flexible source of energy to the fast-growing Texas market. There is also significant future development potential at the site for projects that contribute to regional energy security and low carbon power solutions, such as solar power, battery energy storage solutions or additional flexible power production,” said Richard Holtum, Global Head of Gas, Power and Renewables for Trafigura.

“We are very excited to be partnering with Trafigura on this asset and are eager to put our energy services and industrial development expertise to work at the Mountain Creek Facility,” said David Franjoine, CEO, Frontier Group of Companies.