(EnergyAsia, April 18 2011, Monday) — China Huaneng Group (CHG) has completed its previously announced acquisition of a 50% interest in US-based InterGen from India’s GMR Infrastructure Limited, said the Burlington, Massachusetts global power generation firm.
Intergen’s other shareholder is Ontario Teachers’ Pension Plan of Canada which has been a 50% owner since 2005.
) InterGen owns 6,312MW of the combined 8,146MW capacity in 12 power plants in the UK, the Netherlands, Mexico, the Philippines and Australia.
Neil H. Smith, President and CEO of InterGen, said:
“CHG is a known entity to InterGen as they have been a partner of ours in Australia since 2003 and we look forward to building on the positive and collaborative working relationship we have enjoyed with them. This is a great step toward strengthening our position as a global leader in developing, owning and operating power projects.”