Denham Capital to Sell Interests in GNPower Mariveles Power Plant (Asia)
Source: Denham Capital
Global energy-focused private equity firm Denham Capital has agreed to sell its holdings in Filipino coal-fueled power plant GNPower Mariveles to Philippines-based conglomerate Ayala Corporation for US$155 million. Denham first invested in the 600 megawatt plant in June 2007 alongside power project developer Power Partners. The project has previously received financing from Chinese and Filipino banks.