EGCO Group acquired a 45% indirect stake in Astoria Energy II, a 615 MW natural gas CCGT plant in Queens, New York, using proceeds from asset recycling under its POWER4 strategy. The plant operates under a long-term tolling agreement with NY Power Authority, providing predictable cash flows and supporting demand from AI/data center growth. This reinforces EGCO's second-largest strategic market in the US with a diversified portfolio of thermal and renewable assets.