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UK power company: Local jobs are safe Thursday 17 December 2020 CONTOURGLOBAL, the UK company awaiting approval on the sale of Trinity Power Ltd, said its presence in the local market will increase jobs and improve electricity supply. Speaking with Newsday via a Zoom call on Tuesday morning, its CEO Jospeh C Brandt said it was aiming to begin operations sometime between January and March. He said the company has invested significantly in Latin America and the Caribbean region and it was the TT-based business part of the portfolio that was of great attraction. Brandt said there would not be an...
TT power plant part of US$837m power deal Saturday 12 December 2020 ContourGlobal hopes to increase their low carbon-emitting assets, enhance and diversify their cash flow, and provide dividend coverage for their company, with the acquisition of Trinity Power LTd in Point Lisas, which would go for about US$837 million. In their acquisition proposal shared with Newsday on Friday, the company said they reached an agreement with Western Generation Partners to acquire assets totalling 1,502 Megawatts in the US and in TT. In a comment on the proposal, CEO Joseph C Brandt said he was pleased over t...
Minister: Power plant sale will not affect supply, jobs File photo: Marvin Gonzales - Sureash Cholai Public Utilities Minister Marvin Gonzales is assuring the public that the sale of the Trinity Power Ltd will not affect the local supply of electricity or workers. He said the deal was between the local company, which is privately operated by Western Generation Partners out of the US, and the UK firm ContourGlobal. News of the deal broke earlier this week, and when contacted on Tuesday Gonzales said he was unaware of it. Not much is known about what the deal entails, as attempts to contact Tr...