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Hallador Energy to Acquire Siemens Gas Turbines for $350 Million to Advance Merom Project

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Hallador Energy (HNRG) agreed to acquire about 460 megawatts of Siemens gas turbines, generators and related equipment from Energy World for $350 million, supporting development of its proposed Merom natural gas-fired combustion turbine project, the company said late Monday.

Hallador also estimates transportation, refurbishment, insurance and logistics costs of about $100 million for the delivery of the equipment.

The equipment acquisition secures critical long-lead assets in a constrained turbine market and could allow the Merom project to begin generating revenue between late 2028 and mid-2029, the company said.

Hallador said it will make a final investment decision after completion of the MISO Expedited Resource Addition Study, expected in September.

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