Toho Gas Co., Ltd., Saibu Gas Co.,Ltd., and HIROSHIMA GAS Co.,Ltd. completed the acquisition of 485-MW Birdsboro combined-cycle plant in Berks County, Pennsylvania from Sojitz Corporation of America and Kyushu Electric Power Company, Incorporated.
June 16, 2020
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Toho Gas Co., Ltd. (TSE:9533), Saibu Gas Co.,Ltd. (TSE:9536), and HIROSHIMA GAS Co.,Ltd. (TSE:9535) agreed to acquire 485-MW Birdsboro combined-cycle plant in Berks County, Pennsylvania from Sojitz Corporation of America and Kyushu Electric Power Company, Incorporated (TSE:9508) on March 6, 2020. As per the transaction, TSH Birdsboro LLC will acquire a 50% stake in Sojitz Birdsboro. After the transaction is complete, both Sojitz and Kyuden will own a 25% interest in Sojitz Birdsboro. Kyushu Electric Power and Sojitz Corp. asked the Federal Energy Regulatory Commission for approval of the transaction. The parties asked the commission to approve the transaction by April 7, 2020. As of April 7, 2020, Kyushu Electric Power Co. Inc. and Sojitz Corp. received the Federal Energy Regulatory Commission's authorization to sell portions of their ownership stake.
Toho Gas Co., Ltd. (TSE:9533), Saibu Gas Co.,Ltd. (TSE:9536), and HIROSHIMA GAS Co.,Ltd. (TSE:9535) completed the acquisition of 485-MW Birdsboro combined-cycle plant in Berks County, Pennsylvania from Sojitz Corporation of America and Kyushu Electric Power Company, Incorporated (TSE:9508) on June 17, 2020. As per closing, Toho Gas, Saibu Gas and Hiroshima Gas will own combined 16.5% stake in the 485 MW Birdsboro. The stakes will be split equally among them. Sojitz Corp of America and Kyushu Electric Power will retain an 8.3% stake each. Ares Management Corporation and Tokyo Gas America, with 33.3% stakes each.
Saibu Gas Holdings Co Ltd, formerly Saibu Gas Co Ltd, is a Japan-based company mainly engaged in the gas business, liquefied petroleum gas (LPG) and other energy business and real estate business. The Company operates through three business segments. The Gas segment is engaged in the manufacture, supply and sale of gas, the internal pipe construction, and the sale of gas equipment and liquefied natural gas. It is also engaged in the gas consumption equipment surveys, internal pipe inspections. The Real Estate segment is engaged in the real estate sales and leasing business, housing land development, construction and sales business. The LPG and Other Energy segment is engaged in the sale of LPG and gas equipment. It is also engaged in heat supply business, gas equipment design and construction business and power generation business. It is also engaged in information processing services, operation of paid nursing homes, management of restaurants, amusement parks, golf courses and others.
Toho Gas Co., Ltd., Saibu Gas Co.,Ltd., and HIROSHIMA GAS Co.,Ltd. completed the acquisition of 485-MW Birdsboro combined-cycle plant in Berks County, Pennsylvania from Sojitz Corporation of America and Kyushu Electric Power Company, Incorporated.
SAIBU GAS HOLDINGS CO.,LTD. 
