AEI Acquires Jamaica Private Power Company Ltd.HOUSTON -- 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 (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 JPPC Joint Policy and Planning Committee (Ontario, Canada) ). 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 The City of Kingston is the capital and largest city of Jamaica. It is located on the southeastern coast of the island country at Coordinates: . . In June, AEI had announced its intent to purchase 42.3% of JPPC from CMS Energy CMS Energy is a public utility supplying electric power and natural gas to most of Michigan. Its headquarters are located in Jackson, Michigan. The company has operated since 1890. Its two principal subsidiaries are Consumers Energy and CMS Enterprises. . 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 The Caribbean Basin is generally defined as the area running from Florida westward along the Gulf coast, then south along the Mexican coast through Central America and then eastward across the northern coast of South America. 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 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 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. You can visit the AEI website at www.aeienergy.com. |
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