BTU Ventures: Powering Global Development

“Powering Global Development” is the emphatic catchphrase of BTU Ventures, a private equity (PE) firm that propels the global energy industry towards becoming an engine for socially and environmentally sustainable economic and technological escalation.

From BTU Ventures

It is a tough call for the company as it targets power and power-related projects in the emerging economies, in which a challenge is posed to thrust them towards the global competition. But in a little less than a decade, BTU Industries has been nimble and astute in its mission. Now it boasts of an asset portfolio that has rapidly grown and diversified. From its pioneering purchase of PSEG’s 50% equity interest in Meiya Power Company to its eventual divestiture, BTU Ventures has owned up to its venturing identity.

Carthage Power Company (CPC)
This 471 MW combined cycle gas turbine plant is the only independent power producer (IPP) in the country of Tunisia. Auctioned by PSEG in 2004, the PE group led by Wael Al-Mazeed was able to acquire CPC’s 50% rate of return. Owing to 23% of energy distribution in the country, CPC has allowed BTU access to a torrent of cash flow that is supported by a 20-year power purchase agreement in a principal investment area in North Africa.

From BTU Ventures

Taweelah Asia Power Company (TAPCO)

TAPCO is a BTU acquisition and Brownfield co-development project enhanced by an established and well-structured development framework located in the United Arab Emirates. It is at par with the largest independent water and power producers (IWPPs) in the world. Even with a meager 10% equity interest, the company can leverage the spike in water and power demand in the country.

More information on how BTU Ventures power global development through power generation and water desalination projects can be accessed at www.btupower.com.

From BTU Ventures