January 13, 2020 / 9:04 AM / 6 months ago

CORRECTED-Denham Capital invests $250 mln in power company Ceiba Energy

(Corrects paragraphs 2 and 3 to clarify that Ceiba does not own all the 50 power projects)

SAO PAULO, Jan 13 (Reuters) - Private equity firm Denham Capital has agreed to invest $250 million in Ceiba Energy, an owner and developer of power generation assets in Latin America, the two companies said on Monday.

The investment is aimed at allowing Ceiba to expand its portfolio of power projects in the region, where it has worked in over 50 installations including renewable and gas-fired power plants, the companies said in a statement.

Ceiba expects to boost its businesses in countries where its management has knowledge of the legal framework and investment environment, or where it has already operated, such as Mexico, Colombia, Brazil, Chile, Panama and Peru.

It said it plans to grow through a combination of acquisitions, development of new projects or modernization of existing installations.

Denham Capital is a global private equity firm focused on energy, with $9.3 billion invested across nine fund vehicles. The company said it plans to be one of the leading investors in the Latin American power sector, which is expected to grow more than the global average in coming years.

Reporting by Marcelo Teixeira; editing by Richard Pullin

Nuestros Estándares:Los principios Thomson Reuters
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below