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Article: Calpine Completes Sale of Its Interest in 525-MW Mexico Power Plant.
- Article from:
- PR Newswire
- Article date:
- April 19, 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)
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Advances Program to Strengthen Core Power Business
SAN JOSE, Calif., April 19 /PRNewswire-FirstCall/ -- Calpine Corporation (OTC Pink Sheets: CPNLQ) today announced that one of its foreign non-debtor affiliates has completed the sale of its 45-percent equity interest in the 525-megawatt Valladolid III Power Plant, located on the Yucatan Peninsula, Mexico, to the two remaining partners in the project, Mitsui & Co., Ltd. and Chubu Electric Power Co., Inc. (together the "Buyers"). The company announced plans to sell its interest in the plant in March 2006. With this sale, Calpine advances its recently announced program to streamline the company, reduce costs, and ...