AEI Acquires First Power Generation Business in China
Cooperation with local partnership to provide power to high-growth Luoyang district
Houston - AEI, which manages, operates and owns interests in essential energy infrastructure businesses across multiple segments of the energy industry, announced today that it has acquired a 50% interest in Luoyang Sunshine Cogeneration Co., Ltd ("Luoyang").
Luoyang is a regulated 270 MW cogeneration power plant, consisting of two 440 ton/hr CFB boilers and two 135MW condensing/extraction steam turbine generators. It is located in the Henan Province, China. Luoyang is the sole provider of steam and heat to industrial and residential customers in the Luoyang New District, a growing area that is home to the city government, industrial zone and the new town center.
The other shareholders in Luoyang are Luoyang Hailong Power Investment & Consultancy Co., Ltd. (33%) and Luoyang City Gas General Company (17%).
AEI's Chief Executive Officer in Asia, Colin Tam, commented on the deal: "Louyang is our first power generation business in China. This acquisition will help establish a platform for growth in one of the world's largest emerging markets."
AEI opened its Hong Kong office in April 2007, and its activities in Asia are focused on managing the Company's growing presence across the region.
About AEI AEI is a company that owns and operates essential energy infrastructure businesses in emerging markets worldwide, with more than $3.2 billion in revenues in 2007. AEI manages interests in a group of 37 energy companies with operations in 19 countries and approximately 13,400 employees.
The Company serves more than 6.3 million customers worldwide by operating businesses in Power Distribution, Power Generation, Natural Gas Transportation and Services, Natural Gas Distribution, and Retail Fuel, with approximately 36,000 km of gas and liquids pipelines, 162,000 km of power distribution lines, over 1,750 gasoline stations and a gross installed capacity of over 2,000 MW.
AEI website at www.aeienergy.com.
AEI Investor ContactRodrigo Silva, +1-713-345-5018 or AEI
Media ContactOscar Serrate, +1-713-345-5048
Cooperation with local partnership to provide power to high-growth Luoyang district
Houston - AEI, which manages, operates and owns interests in essential energy infrastructure businesses across multiple segments of the energy industry, announced today that it has acquired a 50% interest in Luoyang Sunshine Cogeneration Co., Ltd ("Luoyang").
Luoyang is a regulated 270 MW cogeneration power plant, consisting of two 440 ton/hr CFB boilers and two 135MW condensing/extraction steam turbine generators. It is located in the Henan Province, China. Luoyang is the sole provider of steam and heat to industrial and residential customers in the Luoyang New District, a growing area that is home to the city government, industrial zone and the new town center.
The other shareholders in Luoyang are Luoyang Hailong Power Investment & Consultancy Co., Ltd. (33%) and Luoyang City Gas General Company (17%).
AEI's Chief Executive Officer in Asia, Colin Tam, commented on the deal: "Louyang is our first power generation business in China. This acquisition will help establish a platform for growth in one of the world's largest emerging markets."
AEI opened its Hong Kong office in April 2007, and its activities in Asia are focused on managing the Company's growing presence across the region.
About AEI AEI is a company that owns and operates essential energy infrastructure businesses in emerging markets worldwide, with more than $3.2 billion in revenues in 2007. AEI manages interests in a group of 37 energy companies with operations in 19 countries and approximately 13,400 employees.
The Company serves more than 6.3 million customers worldwide by operating businesses in Power Distribution, Power Generation, Natural Gas Transportation and Services, Natural Gas Distribution, and Retail Fuel, with approximately 36,000 km of gas and liquids pipelines, 162,000 km of power distribution lines, over 1,750 gasoline stations and a gross installed capacity of over 2,000 MW.
AEI website at www.aeienergy.com.
AEI Investor ContactRodrigo Silva, +1-713-345-5018 or AEI
Media ContactOscar Serrate, +1-713-345-5048
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