Archive for May, 2011
BTU Ventures? Global Energy Asset Acquisitions
Through its equity and financing arm BTU Ventures, the BTU Group has become well-known in providing finance and direct hands-on management services to new energy development projects at any point in the energy value chain.? Headquartered in Waltham, Massachusetts, and with offices in Dubai, UAE, the company has investments that cover both greenfield and brownfield development energy projects in the Middle East, Northern Africa, Asia and some in Europe and North America.
BTU Ventures was initially endowed with about $600 million coming from government and private investors who now see their investments double as the company is now on top of more than $1 billion in ready funds. Its management team under the stewardship of its founder Wael Al-Mazeedi certainly knows how to leverage their limited resources to make them grow in a short time. Throughout the first decade of the 21st century, BTU Ventures has made investments in a number of energy projects that are now in full operation, while selling off some holdings whose market values have gone through the roof to finance future ventures.
In 2004, the company acquired 60% of the Carthage Power Company, an independent power producer (IPP) based is Rades, Tunisia.? The plant produced 471 megawatts of electricity and supplied 23% of Tunisia?s electricity needs as of 2009.? The following year saw BTU Ventures investing a 15% stake in a $3.1 billion energy project of the Taweelah Asia Power Company, another IPP that produces 2,061 megawatts.? In 2007, BTU divested 50% of its holdings in the Meiya Power Company which now operates 15 energy plants in North and South Asia.
Personal Finance Tips For Families
Unsecured Personal Loans for Awful Credit
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Broke down
Check Advance really helped me get out of a bind. I was driving to go on a road trip by myself. I sometimes get the urge to go out for long car rides to see other towns and parks. I had a 3 hour drive to my destination. Half way through my trip my car made a loud crack sound and started slowing down. I had to pull my car to the side of the road so that I wouldn?t stop dead smack in the middle of the road. I was terrified. My car would not turn back on. I had no idea what it could have been. I was in a remote area and I was afraid I would have been stuck on the side of the road till after night fall. I didn?t have a cell phone so I couldn?t call anyone.
Luckily a nice man stopped as he saw me standing on the side of the road with a broke down car. He looked at my engine and told me that my belts broken. I wasn?t quite sure what that meant. He called a tow truck and they showed up about half an hour later.
When the tow truck arrived they confirmed what the man had told me. They towed my car to the nearest auto shop. Once I was dropped off the tow truck wanted to be paid. I paid him and he was on his way.? My car was going to be a few hours as I had to wait for them to get around to it. They had to change the belt but there were also other costs as my headlight was broken and they talked me into getting it changed. I didn?t really know what I was doing as I am a girl who knows nothing about cars. I asked them to give me an estimate of what it was going to cost the man said it was going to be over $500. My heart skipped a beat. I realized I did not have that in my bank account and I wouldn?t be able to pay it. Luckily I had a few hours so I had to come up with a plan. I decided to take a walk to the nearest bank to double check my balance in my bank. On my way to the bank I walked by the payday loan office. I walked in and asked them some questions about how it works. They happily answered all my questions and I decided this was my only choice. I got the cash advance well before my car was done at the shop. I felt immediate relief.
I went back to the shop to get my car, paid my bill and was on my way. I don?t know what I would have done without the cash advance. I had no one to call and I was far out of town. I highly recommend getting a cash advance in situations such as this. There was no other option for me. I found out after that I didn?t have enough money before the cash advance, which I pretty much knew, was the case but had confirmation after the fact.