J-POWER sells stake in Green Country Energy

This will be completed by end-June 2025.

Japan’s Electric Power Development (J-POWER) announced the sale of all its 50% equity interest in Green Country Energy, together with the entire interest held by its partner to Public Service Company of Oklahoma, a wholly-owned subsidiary of American Electric Power.

Following the sale of its stake in the gas-fired power generation business, J-POWER said it “will continue to operate its business with the aim of growing and enhancing the value of its overseas power generation business.”

J-POWER said the sale is part of its asset portfolio reconfiguration, a strategy to improve its capital efficiency to support the company’s earlier announced Medium-Term Management Plan 2024–2026.

The transaction is expected to be completed by the end of June 2025.

Whilst a review is ongoing, the company expects to gain from the sale in the fiscal year ending 31 March 2026.