AES buys 2 Mexican coke power plants
|
|
|
ARLINGTON, Va., Feb. 12 AES bought out two coke-fired power plants in Mexico from Exelon and Alstom for about $611 million in total.The power group said the sum includes acquiring equity and debt of the plants totaling $190 million in addition to assuming $421 million in project debt.The Termoelectrica del Golfo, or TEG, and Termoelectrica del Penoles, or TEP, plants supply power to Cemex and Penoles, having been completed in 2004.These assets fit well with AES given our expertise in operating (coke-fired circulating fluidized bed) plants and skills at structuring complex international transactions, said David Gee, president of AES ' s North America region. The company pointed out that Mexico continues to grow rapidly, and by buying the plants, AES will be able to expand its foothold in the country. Copyright 2007 by UPI
|
|
|
|
|
|
Related News
World powers seek IAEA resolution on Iranian nuclear site - Summary
Vienna - Six world powers aim to put pressure on Iran with a resolution at the International Atomic Energy Agency (IAEA) that would censure Tehran over its new nuclear site and would involve the UN Security Council, diplomats said Tuesday. The IAEA's...
World powers seek IAEA resolution voicing 'serious concern' Iran
Vienna - Six world powers have drafted a resolution to censure Iran at the International Atomic Energy Agency (IAEA) over a new nuclear facility and to involve the UN Security Council, several diplomats said Tuesday. The IAEA's governing board is set...
Norwegian group hopes to use osmosis to produce power
Oslo - Oil and gas rich Norway on Tuesday inaugurated a prototype power plant to produce energy based on the principle of osmosis. This new technology generates electricity simply by mixing water, said Bard Mikkelsen, the chief executive of Statkraf...
Ukraine gas company chief: 'No cut offs for New Year'
Kiev - Russian natural gas supplies will flow uninterrupted to European consumers at the beginning of 2010, a senior Ukrainian official said on Monday, according to an Interfax news agency report. This year we are going to meet the New Year at home,...
Report: Iraq to seek US nuclear technology
Baghdad - Iraq, reportedly home to the world's third-largest oil reserves, will seek peaceful nuclear technology from the United States, an Iraqi lawmaker said in remarks published Monday. The government seeks to produce and use nuclear energy for p...
ElBaradei: Iran has not totally rejected nuclear fuel plan
Berlin - International Atomic Energy Agency (IAEA) Chief Mohamed ElBaradei said Friday that he believes that Iran has not totally rejected his agency's nuclear fuel plan, but that time was running out. The ball is now in Iran's court. I hope they wi...
New incident at world's largest nuclear plant in Japan
Tokyo - Smoke rose Thursday from a currently closed nuclear power plant in Japan, but the operator said there was no radiation leak and no one was injured. The smoke emerged from the brake of the hoisting function of a crane in the turbine room of a ...
|
|
|
|
|
|
|
|
