Ashmore Ups Stakes in CentAm Power Plants

Ashmore Energy International (AEI) has acquired additional interests in the 234-megawatt Puerto Quetzal Power and 71-megawatt Empresa Energética Corinto fuel oil-fired power plants in Nicaragua, it said in a statement. The terms of the transactions, closed today, were not disclosed. Houston–based AEI acquired a 25% additional indirect interest in Puerto Quetzal and a 30% additional indirect interest in Corinto by exercising its right of first refusal with power producer Globeleq. AEI also acquired an additional 20% indirect interest in Puerto Quetzal from Centrans Energy Services, and sold to Centrans 15% of the newly acquired interest in Corinto. Upon closing of the transactions, AEI increased its indirect ownership in Puerto Quetzal from 55% to 100%, and its indirect ownership in Corinto from 35% to 50%.