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July 3, 2006

Globeleq Attracts New Investor to Bangladesh

HOUSTON, July 3 /PRNewswire/ -- Globeleq, the emerging markets power company, announced today that it had successfully attracted new foreign investment to Bangladesh, where the company maintains ownership and operational interests in three power generation facilities with more than 900 megawatts ("MW") of power generation capacity.

Globeleq Asia Holdings Limited, a subsidiary of Globeleq, completed the sale of twenty-four percent (24%) of its 100% interests in the Haripur and Meghnaghat power projects, both located near the capital, Dhaka, to the IDB Infrastructure Fund...

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Posted by rjorr at July 3, 2006 9:21 AM