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AEI Acquires Jamaica Private Power Company Ltd.
- By S Coward
- Published 31-Oct-07
- Environment/Energy
- Unrated
AEI has interests in 18 countries
Houston -- Oct. 31, 2007 -- AEI (formerly Ashmore Energy International), a company that owns and operates essential energy infrastructure assets in emerging markets, announced today the acquisition of 84.4% indirect interest in Jamaica Private Power Company Ltd. (JPPC). The transaction was closed today, and terms of the agreement were not disclosed.
JPPC is a 63 MW fuel-fired independent power producer located in Rockfort, Kingston, Jamaica.
In June, AEI had announced its intent to purchase 42.3% of JPPC from CMS Energy. In addition to closing this transaction, today AEI has also purchased an additional 24.1% of JPPC from Atlantic Power Corporation and 18.0% from Energy Investors Funds, giving AEI a total 84.4% ownership in the company.
“We are pleased to announce the acquisition of JPPC,” said Emilio Vicens, AEI’s Vice President, Business Development. “JPPC broadens our geographic reach by adding a new country to our operating platform while leveraging our deep experience in the Caribbean Basin and Latin America and further strengthening our position as a key player in the region’s energy market.”
About AEI
AEI is a company that owns and operates essential energy infrastructure businesses in emerging markets worldwide. AEI manages interests in a group of 33 energy companies with operations in 18 countries and more than $2.7 billion in revenues (2006 pro forma) and approximately 10,500 employees. The Company serves more than 4.6 million customers worldwide by operating businesses in Power Distribution, Power Generation, Natural Gas Transportation and Services, Natural Gas Distribution, and Retail Fuel, with more than 60,000 km of gas and liquids pipelines, 134,000 km of power distribution lines, over 1,500 gasoline stations and a gross installed capacity of 1,675 MW. Visit the AEI website at www.aeienergy.com.
