Entering the pipeline
For the first time in more than 30 years, Amoco Corp. underwent a major restructuring last year. The 1994 efforts were aimed at improving financial performance and positioning the company for long-term growth. As part of this strategy, the company formed Amoco Power Resources Corp. (APRC) with the intent of using Amoco`s global natural gas resources to leverage its position in electric power markets. Amoco`s entry into the independent power market illustrates an ongoing trend toward development by large, well-capitalized companies. APRC`s approach to projects may also signal another trend - toward riskier ventures and away from non-recourse project financing. The company is exploring greenfield development, acquisition of individual projects and project portfolios, and acquisition of privatized utility assets. APRC will focus on five areas - fuel supply management, project development, plant construction management and operations, project participation and project finance.
- OSTI ID:
- 160118
- Journal Information:
- Independent Energy, Journal Name: Independent Energy Journal Issue: 7 Vol. 25; ISSN 1043-7320; ISSN IDPEEW
- Country of Publication:
- United States
- Language:
- English
Similar Records
The steps to forming a joint venture IPP in Poland
Reality hits home