|
|
Article: Calpine Agrees to Sell Its Interest in 525-MW Mexico Power Plant.
- Article from:
- PR Newswire
- Article date:
- March 29, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Company Advances Its Restructuring Program to Strengthen Core Power Business
SAN JOSE, Calif., March 29 /PRNewswire-FirstCall/ -- Calpine Corporation (OTC Pink Sheets: CPNLQ) today announced that its foreign non-debtor affiliate has agreed to sell its 45-percent interest in the 525-megawatt Valladolid III Power Plant, currently under construction on the Yucatan Peninsula in Mexico. Calpine is selling its equity interest to the two remaining partners in the project, Mitsui & Co., Ltd. and Chubu Electric Power Co., Inc. (together the "Buyers"), for a purchase price of approximately $43 million.
Under terms of the agreement, Calpine will receive a cash ...