Hallador Energy Acquires 460 MW of Siemens Turbines for $350 Million, Accelerating Merom Natural Gas Generation Project

Hallador Energy has entered into an agreement to acquire 460 MW of Siemens gas turbines and related equipment from Energy World Corporation for $350 million, with total delivered costs reaching $450 million including refurbishment and logistics. The acquisition secures critical long-lead equipment for the proposed Merom simple cycle natural gas project, which is currently advancing through MISO’s ERAS interconnection process. Management believes this de-risks the project timeline by bypassing current supply constraints and extended lead times for new turbine manufacturing. Hallador expects the facility to begin generating revenue between late 2028 and mid-2029.

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