Castleton Commodities International LLC Acquires a Combined Cycle Power Plant in the Netherlands from InterGen
MaasStroom (or the “facility”) is a 426 megawatt natural gas fired CCGT that uses a Siemens SGT5-4000F turbine in single shaft configuration, making it one of the most efficient gas fired power plants in the Netherlands. The facility supplies power into the TenneT grid, which manages the high-voltage grid in the Netherlands and large parts of Germany.
“The MaasStroom acquisition is an opportunity to increase our activities in the rapidly changing and attractive European energy markets. We are also well-positioned to create further value at the facility by providing ancillary services,” said Arie Pilo, Executive Director in CCI’s Origination and Principal Investments group. “We are pleased to add this facility to our global power portfolio and remain focused on seeking additional investment opportunities with a strategic fit.”
Allen & Overy served as legal counsel to CCI in the transaction.
About Castleton Commodities International LLC
CCI is a global commodities merchant with an integrated set of operations consisting of physical and financial commodities trading and the ownership, operation, and development of commodities- related upstream and infrastructure assets. The Company markets a broad range of physical commodities including natural gas, natural gas liquids, refined products, crude oil, fuel oil, freight, petrochemicals, electric power, coal, metals and financial instruments related to commodities. CCI is headquartered in Stamford, Connecticut with offices in Calgary, Canada; Geneva, Switzerland; Houston, Texas; London, United Kingdom; Shanghai, China; Singapore; and Montevideo, Uruguay.
ContactsFor Castleton Commodities International LLC
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Hill+Knowlton Strategies
Brian R. Brooks
+1 (713) 752-1901
[email protected]
LONDON–(BUSINESS WIRE)–Castleton Commodities International LLC (“CCI” or the “Company”) today
announced that it has closed on an acquisition, through one of its
subsidiaries, of a combined cycle power plant (CCGT) located in the port
of Rotterdam, Netherlands from InterGen, a privately held global power
generation and development company. Post the acquisition, CCI will own
and operate approximately 2,000 megawatts of power generation globally.
MaasStroom (or the “facility”) is a 426 megawatt natural gas fired CCGT
that uses a Siemens SGT5-4000F turbine in single shaft configuration,
making it one of the most efficient gas fired power plants in the
Netherlands. The facility supplies power into the TenneT grid, which
manages the high-voltage grid in the Netherlands and large parts of
Germany.
“The MaasStroom acquisition is an opportunity to increase our activities
in the rapidly changing and attractive European energy markets. We are
also well-positioned to create further value at the facility by
providing ancillary services,” said Arie Pilo, Executive Director in
CCI’s Origination and Principal Investments group. “We are pleased to
add this facility to our global power portfolio and remain focused on
seeking additional investment opportunities with a strategic fit.”
Allen & Overy served as legal counsel to CCI in the transaction.
About Castleton Commodities International LLC
CCI is a global commodities merchant with an integrated set of
operations consisting of physical and financial commodities trading and
the ownership, operation, and development of commodities- related
upstream and infrastructure assets. The Company markets a broad range of
physical commodities including natural gas, natural gas liquids, refined
products, crude oil, fuel oil, freight, petrochemicals, electric power,
coal, metals and financial instruments related to commodities. CCI is
headquartered in Stamford, Connecticut with offices in Calgary, Canada;
Geneva, Switzerland; Houston, Texas; London, United Kingdom; Shanghai,
China; Singapore; and Montevideo, Uruguay.
Contacts
For Castleton Commodities International LLC
Hill+Knowlton
Strategies
Brian R. Brooks
+1 (713) 752-1901
[email protected]
