Quantcast

AEI Acquires Tipitapa Power Company

June 13, 2008

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.

Cesar Zamora, country manager of AEI Nicaragua, said: “The acquisition of Tipitapa represents AEI’s second investment in Nicaragua, demonstrating AEI’s continued commitment to the country which expands AEI’s ability to provide even more energy for Nicaragua’s continuing development.”




comments powered by Disqus