Thai energy giant EGCO completed acquisition of a 45.05% stake in Astoria Energy II, a 615MW combined-cycle gas turbine plant in Queens, New York, signed September 16. The plant has operated commercially since July 2011 and generates steady revenue via a long-term Tolling Agreement with New York Power Authority (NYPA). EGCO frames this as strategic "asset recycling"—deploying capital from mature assets into high-quality operating infrastructure in a constrained, high-demand market (NYISO Zone J). Immediate cash flow and revenue recognition support EGCO's portfolio expansion in the US energy market and broader energy transition goals.