InterEnergy Holdings acquires power plants from Conduit Capital Partners

InterEnergy Holdings recently acquired two companies owned by Latin Power III, a private equity fund managed by Conduit Capital Partners.

InterEnergy purchased Latin Power III’s 55 percent ownership in Pedregal, a 55MW diesel plant based in Pacora, Panama. InterEnergy also purchased Latin Power III’s 100 percent interest in Jamaica Energy Partners and West Kingston Power Partners, which operate three power plants Jamaica. Jamaica Energy Partners was among the first independent power plants (IPPs) in the country.

 “The sale of these highly performing plants in Jamaica and Panama is consistent with our commitment to maximize value for our investors," George Osorio, Conduit’s managing partner, said. "The next stage of our process will be the sale of our operating renewable plants (a 35 MW hydro and 22 MW wind power plant) in Mexico, which will begin in the coming months.”

Conduit also invested in the first IPPs in Colombia, Honduras and Peru, the first private hydro in Mexico, and the first private natural gas pipeline built for Pemex in Mexico. Overall, Conduit has made 36 investments in 11 countries in the region.