Investment Summary

Pakgen Power Invests In 365 MW Pak Gen project

On December 14, 2009, Pakgen Power invested in renewable energy company 365 MW Pak Gen project from AES

Investment Highlights
  • This is Pakgen Power’s 1st transaction in the Renewable Energy sector.
  • This is Pakgen Power’s 1st transaction in Pakistan.

Investment Summary

Date 2009-12-14
Target 365 MW Pak Gen project
Sector Renewable Energy
Investor(s) Pakgen Power
Sellers(s) AES
Deal Type Stake Purchase

Target

365 MW Pak Gen project

Pakistan
365 MW Pak Gen project produces and sells electricity to the water and power development authority of Pakistan.

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Investor(S) 1

Investor

Pakgen Power

Lahore, Pakistan

Category Company
Founded 1995
Sector Renewable Energy
Employees166
DESCRIPTION

Pakgen Power Limited owns, operates, and maintains an oil fired power station in Pakistan.


DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Stake Purchase) 1 of 1
Country (Pakistan) 1 of 1
Year (2009) 1 of 1

Seller(S) 1

SELLER

AES

Arlington, Virginia, United States

Category Company
Founded 1981
Sector Utilities
Employees9,600
Revenue 12.7B USD (2023)
DESCRIPTION

AES is a power company that owns and operates a diverse and growing portfolio of electricity generation and distribution businesses, which provide reliable, affordable energy to customers in 21 countries. AES understands that a reliable, affordable supply of electricity is essential to human progress, economic growth, public health and security. AES was founded in 1981 and is based in Arlington, Virginia.


DEAL STATS #
Overall 4 of 12
Sector (Renewable Energy) 3 of 7
Type (Stake Purchase) 3 of 3
Country (Pakistan) 2 of 2
Year (2009) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-14 Oman 456 MW Project

Barka, Oman

Oman 456 MW Project is a combined cycle gas facility and desalination plant 91,000 cubic meters per day.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-08 Your Energy

Richmond,, United Kingdom

Your Energy Ltd., a renewable energy company, engages in the design, planning, and development of renewable energy projects.

Buy -