AEI Acquires Additional Interest in Puerto Quetzal Power and Corinto.HOUSTON -- Ashmore Energy International (AEI AEI American Enterprise Institute AEI Archive of European Integration AEI Australian Education International AEI Automotive Engineering International AEI Australian Education Index AEI Albert Einstein Institute ), a company that owns and operates essential energy infrastructure assets in emerging markets, announced today a series of transactions that resulted in the acquisition of additional indirect interest in Puerto Quetzal Puerto Quetzal is Guatemala's largest Pacific Ocean port. It is important for both cargo traffic and as a stop-off point for cruise liners. It is located in Escuintla department, alongside the city of Puerto San José, which it superseded as a port in importance to the Power LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control in Guatemala (PQP PQP Puta Que Pariu (Portuguese, Brazil) PQP Project Quality Plan PQP Postgraduate Qualifying Program PQP Praise-Question-Polish (teaching technique) PQP Piperaquine Phosphate PQP Part Qualification Process ) and Empresa Energetica Corinto LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability in Nicaragua (Corinto). The transactions closed today, and terms of the agreements were not disclosed. In the first transaction, AEI acquired a 25% additional indirect interest in PQP and a 30% additional indirect interest in Corinto by exercising its right of first refusal Right of First Refusal In general, the right of a person or company to purchase something before the offering is made available to others. Notes: For example, a football team may have the right of first refusal on a player's contract. under an agreement with subsidiaries of Globeleq Ltd. Subsequently, AEI acquired an additional 20% indirect interest in PQP from Centrans Energy Services (Centrans). In addition, AEI sold to Centrans 15% of the newly acquired interest in Corinto, half of the interest acquired through the right of first refusal exercise. Upon closing of the transactions, AEI increased its indirect ownership in PQP from 55% to 100%, and its indirect ownership in Corinto from 35% to 50%. Roberto Figueroa, AEI's Vice President responsible for the company's operations in both countries, stated, "We are pleased with the opportunity to increase our commitments in both Guatemala and Nicaragua, reinforcing our position in the Central American market. Both PQP and Corinto have a history of providing dependable power and a safe working environment, which are AEI's top priorities as an operator." About AEI AEI owns and operates essential energy infrastructure assets in emerging markets worldwide. AEI manages interests in a group of 35 energy assets with operations in 17 countries and more than $2.3 billion in revenues (pro forma As a matter of form or for the sake of form. Used to describe accounting, financial, and other statements or conclusions based upon assumed or anticipated facts. The phrase pro forma ) and approximately 14,000 employees. The Company serves more than 8.8 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 1,300 gasoline stations and a gross installed capacity of 1,675 MW. You can visit the AEI website at www.ashmoreenergy.com. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion