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Article: IIC INVESTS IN PRIVATE ELECTRICITY FUND FOR LATIN AMERICA; US$50 MILLION NEW YORK-BASED PARTNERSHIP FUND TO MAKE PRIVATE ELECTRICITY INVESTMENTS
- Article from:
- PR Newswire
- Article date:
- November 7, 1995
CopyrightCOPYRIGHT 1995 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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WASHINGTON, Nov. 7 /PRNewswire/ -- On October 31, 1995, the Inter- American Investment Corporation ("IIC") signed an agreement with five institutional investors to establish the Latin American Energy and Electricity Fund (FondElec). The US$50 million Fund will focus on making private investments in existing and new power generation and distribution facilities throughout Latin America.
The IIC, with its US$5 million contribution, is a strategic investor in a group of several renowned US companies which make up the partnership: AYP Capital, Inc. and Chemical Latin American Equity Associates, L.P. of New York; Constellation Energy International of Baltimore, Maryland; ...