June 13, 2008
AEI Acquires Tipitapa Power Company
Power generation and distribution firm AEI has acquired Nicaragua-based Tipitapa Power Company. Terms of the transaction have not been disclosed.
Tipitapa provides 50.9MW of generation capacity and associated energy through a long-term power purchase agreement (PPA) with the Nicaraguan distribution companies Distribuidora de Electricidad del Norte and Distribuidora de Electricidad del Sur, both majority-owned by Spanish utility Union Fenosa.