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Globaleq

Volume 455: debated on Wednesday 10 January 2007

To ask the Secretary of State for International Development what acquisition of assets have been made by Globaleq since its establishment. (113199)

Since its establishment in June 2002, Globaleq has acquired power generation and distribution assets consistent with its strategy in Africa, Asia and the Americas. The following table provides details of the acquisitions. Subsequent divestment of assets are noted.

Company

Country

Acquisition date

Gross MW

GQ% at acquisition

Equity MW

Fuel

Notes

Kelvin

South Africa

December 2002

600

95

600

coal

divested March 2006

Songas

Tanzania

May 2003

110

100

110

natural gas

Haripur

Bangladesh

December 2003

360

100

360

natural gas

Meghnaghat

Bangladesh

December 2003

450

100

450

natural gas

Cobee

Bolivia

April 2004

204

100

204

hydro/natural gas

Sidi Krir

Egypt

November 2004

685

61

418

natural gas

Initial acquisition

Umeme

Uganda

March 2005

power distribution

Sidi Krir

Egypt

May 2005

685

39

267

natural gas

Acquisition of balance in Sidi Krir

NEPC Haripur

Bangladesh

April 2006

115

50

58

natural gas

Fortuna

Panama

April 2006

300

25

75

hydro

Pedregal

Panama

April 2006

54

21

11

Fuel Oil

CEPP

Dominican Republic

April 2006

66

48

32

Fuel Oil

Fauji Kabirwala

Pakistan

July 2006

157

42

66

natural gas

Nejapa

El Salvador

December 2006

144

87

125

Fuel Oil

Note:

MW = mega watts