In the website of another of the consortium partners involved in the Taweelah Asia Power Company project there is a significantly more detailed and informative description of the scope of the investment in TAPCO. In section 2.1 of the Media Centre "General Announcement - Investment In The Taweelah B IWPP, Abu Dhabi" web posting of Tanjong, the parent company of Pendekar Power, the investment in TAPCO is described as follows:
2.1 Proposed Investment
"Pendekar Power's investment, based on its effective interest of 10% of the Project, will amount up to US$55.0 million....."
One could justifiably assume that all consortium partners would invest on an "equal basis," that is, they would pay the same amount for the same number of shares in the project company. The corollary to the previous statement is that BTU Power's investment amount in TAPCO is probably the same as Pendekar Power's.
Link: Investment In The Taweelah B IWPP, Abu Dhabi
A compendium of information from PUBLIC DOMAIN sources providing additional perspective on the BTU group of companies (BTU Ventures, BTU Industries, and other affiliates), QGEN, as well as their principals, Wael Al-Mazeedi and Mitsue Oishi. The BTU group of companies are headquartered in Waltham, Massachusetts and should not be confused with Peabody Energy (NYSE: BTU). QGEN should not be confused with Qiagen NV (NASDAQ: QGEN).
BTU Power Company (In Liquidation): CPC & TAPCO Investments
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