BTU Power Company (chronologically, 2nd of the ONLY 2 assets still existing in their portfolio): Acquisition of stake in Taweelah Asia Power Company - April 25, 2005

BTU Power Company's investment in Taweelah Asia Power Company (TAPCO) is described in the BTU Ventures website in the following way:

"BTU has a 25% equity interest in the consortium and has committed to provide equity funding to the project totaling $75 million."  Furthermore, the consortium is described as owning 40% of TAPCO, while the Abu Dhabi Water and Electricity Authority (ADWEA) own 60% of TAPCO.

Comment: By simple calculation, BTU Power Company owns 25% of the the consortium's 40% stake in TAPCO.  Meaning, it owns a net 10% interest in a 2,000 MW project (equaling, 200 MW).
Link: all this information can be found in btuventures.com
Link: Taweelah Asia Power Company website - About Us - Sponsors

Comment: As the link to the TAPCO website shows, the consortium's ownership of TAPCO is broken down as follows:

• Marubeni: 35%
• BTU Power: 25%
• Powertek BHD: 25%
• JGC: 15%