ContourGlobal buying private power generation company in TT

ContourGlobal buying private power generation company in TT

The Prime Minister has confirmed that British power generator company ContourGlobal which is buying contracted operating power plants in T&T and the US, is buying Trinity Power Limited (TPL) in T&T – not a state-owned company.

He made the comment in response to queries in Parliament yesterday.

Reuters on Tuesday reported that ContourGlobal, a London listed company, that owns manages and generates electricity through wind, solar and hydro-power, is buying power plants expanding into T&T and US markets.

Reuters reported that ContourGlobal will buy the contracted operating power plants in the US and T&T for $837 million.

Rowley said T&TEC’s general manager contacted the general manager of Trinity Power Limited and that person confirmed the process has started for the acquisition of TPL by ContourGlobal.

The PM said Trinity is an independent generator at Point Lisas of 225 megawatts output, with a US owner.

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