Isolux Infrastructure sells transmission concession in Texas to PSP Investments
Isolux Infrastructure, a Spanish concession company, has sold its transmission concession in Texas to PSP Investments, a Canadian investment manager.
Under the transaction terms PSP Investments will pay US$220 million to Isolux, of them US$105 million has already been paid.
The transmission concession involves the construction, operation and maintenance of seven transmission lines, approximately 600 km, and five 345 kV substations in West Texas.
Isolux Infrastructure currently develops and operates a large portfolio of assets and projects, with an investment totalling more than US$11,000 billion.It has 1,643 km of highways under concession, 5,959 km of transmission lines and through Grupo T-Solar has solar photovoltaic power with 326 MW in operation and under development.
PSP Investments invests funds for the pension plans of the Public Service, the Canadian Forces, the Royal Canadian Mounted Police and the Reserve Force.
We have recently reported on several energy deals in the USA:
- Talen Energy sells Renewable Energy Business
- Atlantic Power sells 521 MW of Wind Power Plants
- Cielo Wind Power sells 200 MW Salt Fork Wind project
- PSEG Power acquires Keys Energy Center in Maryland
- Brookfield Infrastructure acquires Niska Gas Storage Partners
- Hess sells 50 % of Bakken Midstream to GIP
