EIF Buys 14 Plants
September 24, 2007
Energy Investors Funds has agreed to buy 14 Cogentrix Energy plants from The Goldman Sachs Group, Inc. The transaction is expected to close by the end of the calendar year and is subject to customary closing conditions, including receipt of regulatory approvals. The purchase encompasses 80 percent of Cogentrix's interest in 14 power projects totaling 2,336 net megawatts. Cogentrix will retain a 20% minority interest in the positions being sold. Cogentrix was acquired by Goldman Sachs in December 2003.
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