September 20, 2021

The Catholic Transcript

Complete News World

New UK independent power provider created with EIG investments

New UK independent power provider created with EIG investments

West Burden Energy is today the UK’s leading electricity supplier after EIG, a corporate investor in the global energy sector and one of the world’s largest infrastructure investors. The transaction, which closed on 31 August 2021, includes the West Burton B, a 1332 MW integrated bicycle gas turbine (“CCGT”) power station and a 49 MW battery in Nottinghamshire, England.

EIG Chairman and Chief Executive Officer R. Hope that gas will continue to play a role in facilitating energy conversion. ”

West Burton B is a highly flexible and efficient CCGT plant with three integrated cycle units that can generate enough electricity for 1.5 million homes and is associated with one of Europe’s largest battery storage assets. Together, these technologies deliver on-demand energy products that are key to transforming the UK’s grid landscape and transitioning to a low-carbon economy.

“The high efficiency of the station means that it consumes less fossil fuel and produces less emissions per unit of electricity,” explained Mike Nation, West Burton Power Station Manager. “With this in mind, our new separate station is one of the newest buildings in the country, with West Burton Energy at the forefront of the emerging UK energy market.”

EIG Director General Walid Mawwad added: “This is a great opportunity for our investors as West Burton Energy Net is embarking on a path to deliver solutions that support the future of zero carbon.

Cantor Fitzgerald served as financial adviser to the EIG on the transaction, and White & Case Legal Adviser.

About West Burton Energy

Westburton Energy is a newly established independent energy supplier and one of the leading electricity suppliers in the UK. The company owns a 1332 MW Integrated Gas Turbine (CCGT) Power Station, a 49 MW battery, and a site approved for the Open Circuit Gas Turbine (OCGT) project in Nottinghamshire, England. For more information, visit the West Burton Energy website www.westburtonenergy.com.

See also  The military and their wives are fighting for political power in Venezuela: they want to be Savismo candidates in 14 governors.

About EIG

EIG is the leading institutional investor in the global energy sector with $ 22.5 billion as of June 30, 2021. EIG specializes in private investment in energy and energy-related infrastructure on an international basis. In its 39-year history, EIG has contributed more than $ 38.0 billion to the energy sector through more than 373 projects or organizations in 38 countries across six continents. EIG’s clients include leading pension plans, insurers, donations, trusts and sovereign wealth funds in the United States, Asia and Europe. EIG is headquartered in Washington, DC, Houston, London, Sydney, Rio de Janeiro, Hong Kong and Seoul. For more information, visit the EIG website at www.eigpartners.com.

The original language text of this notice is the officially approved version. Translations are provided as a convenience only and should refer to the text in the original language as the only version of the text with legal effect.

Contact:

The media

West Burton Energy

FTI consultation

By Stephanie Randall

+1 212-850-5603

[email protected]

EIG

Chart Verbin & Co.

Kelly Kimberly / Brandon Messina

+1 212-687-8080

[email protected]

Source: Commercial wire