Investment Summary

CK Infrastructure and Power Assets Holdings Invest In Meridian Cogeneration Plant

On February 28, 2011, CK Infrastructure and Power Assets Holdings invested in utilities company Meridian Cogeneration Plant from Husky Oil Operations and TransAlta Cogeneration for 91M CAD

Investment Highlights
  • This is CK Infrastructure’s 10th and Power Assets Holdings’ 8th transaction in the Utilities sector.
  • This is CK Infrastructure’s 12th and Power Assets Holdings’ 7th largest (disclosed) transaction.
  • This is CK Infrastructure’s 3rd and Power Assets Holdings’ 3rd transaction in Canada.
  • This is CK Infrastructure’s 3rd and Power Assets Holdings’ 3rd transaction in Alberta.

Investment Summary

Date 2011-02-28
Target Meridian Cogeneration Plant
Sector Utilities
Investor(s) CK Infrastructure
Power Assets Holdings
Sellers(s) Husky Oil Operations
TransAlta Cogeneration
Deal Type Stake Purchase
Deal Value 91M CAD

Target

Meridian Cogeneration Plant

Lloydminster, Alberta, Canada
Meridian Cogeneration Plant operates a natural gas-fired cogeneration plant with an installed capacity of 220 megawatts.

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Investor(S) 2

Investor

CK Infrastructure

Hong Kong, China

website


Category Company
Founded 1996
Sector Infrastructure
Employees2,365
Revenue 6.6B HKD (2022)
DESCRIPTION

CK Infrastructure is a global infrastructure company that aims to make the world a better place through a variety of infrastructure investments and developments in different parts of the world. The Group has diversified investments in Energy Infrastructure, Transportation Infrastructure, Water Infrastructure, Waste Management, Waste-to-energy, Household Infrastructure, and Infrastructure Related Businesses. CK Infrastructure was founded in 1996 and is based in Hong Kong, China.


DEAL STATS #
Overall 13 of 22
Sector (Utilities) 10 of 14
Type (Stake Purchase) 7 of 8
State (Alberta) 3 of 3
Country (Canada) 3 of 4
Year (2011) 1 of 2
Size (of disclosed) 12 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-01 UK Power Networks Holdings

Maidstone, United Kingdom

UK Power Networks Holdings Ltd.own and maintain electricity cables and lines across London, the South East and East of England making sure your lights stay on,We maintain and upgrade power equipment.

Buy £5.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-14 Northumbrian Water Group

Durham, United Kingdom

Northumbrian Water Limited (NWL) provides water and sewerage services in the north east of England under the brand name Northumbrian Water and water services in the south east under the brand name Essex & Suffolk Water. It serves 2.7 million people in the north with water and sewerage services and 1.8 million people in the south with water services.

Buy £2.4B
Investor

Power Assets Holdings

Central, China

website


Category Company
Founded 1889
Sector Renewable Energy
Employees14
Revenue 1.3B HKD (2021)
DESCRIPTION

Power Assets Holdings is a provider in power and utility-related businesses with investments in electricity generation, transmission and distribution, renewable energy, energy from waste and gas distribution. Power Assets Holdings was founded in 1889 and is based in Central, China.


DEAL STATS #
Overall 9 of 13
Sector (Utilities) 8 of 11
Type (Stake Purchase) 5 of 5
State (Alberta) 3 of 3
Country (Canada) 3 of 3
Year (2011) 1 of 1
Size (of disclosed) 7 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-01 UK Power Networks Holdings

Maidstone, United Kingdom

UK Power Networks Holdings Ltd.own and maintain electricity cables and lines across London, the South East and East of England making sure your lights stay on,We maintain and upgrade power equipment.

Buy £5.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-25 Wales & West Utilities

Newport, United Kingdom

Wales & West Utilities is one of the eight major gas distribution networks in the United Kingdom. It has a service coverage area of 42,000 sq kilometers, and provides service to a population of approximately 7.4 million in Wales and the South West of England. WWU’s gas distribution system consists of 35,000 km of pipelines and 18 gas storage sites.

Buy £645M

Seller(S) 2

SELLER

Husky Oil Operations

St. John's,, Newfoundland, Canada

Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Husky Oil Operations Limited engages in the exploration and production of oil, natural gas, and sulphur.


DEAL STATS #
Overall 1 of 1
Sector (Utilities) 1 of 1
Type (Stake Purchase) 1 of 1
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2011) 1 of 1
SELLER

TransAlta Cogeneration

Calgary, Alberta, Canada

Category Company
Founded 1997
Sector Utilities
DESCRIPTION

TransAlta Cogeneration, L.P. generates an sells electricity. The company owns gas-fired cogeneration facilities.


DEAL STATS #
Overall 1 of 1
Sector (Utilities) 1 of 1
Type (Stake Purchase) 1 of 1
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2011) 1 of 1