FUND INFO > LATIN POWER III > Projects > Jamaica Energy Partners

Profile: Jamaica Energy Partners
Location: Old Harbor, Jamaica
Date: 2000
   
Type of investment: Acquisition
   
Generation Size & Technology: 124 MW Diesel Barges (Wartsila)
   
Contracted Capacity: 124 MW
   
Power Sales: Long-term power sales contract with the national utility; guaranteed by the Government of Jamaica.
   
Investment Size/Stake: 100% (combined with Latin Power I & II)
   
Partners: None
   
Commentary: Investment liquidated in 2007
   
Total Proceeds from Project: $38.3 million
   
Capital Gain: $16.5 million
   
Times Money: x 1.8
   
Quarterly IRR: 41.8%

CLOSE WINDOW