On August 9, 2007, Marubeni Caribbean Power Holdings, Inc., a wholly-owned subsidiary of Marubeni Corporation of Japan, completed the purchase of equity shares of Mirant Caribbean Holdings, including 55% equity interest in Grand Bahama Power Company.

The company also owns an 80% equity interest in Jamaica Public Service Company in Jamaica; a 39% equity interest in the Power Generation Company of Trinidad and Tobago (PowerGen), an IPP that supplies approximately 80% of Trinidad and Tobago's total electricity demand; and a 25.5% equity interest in Curacao Utilities Company, which supplies electric, steam and water to PdVSA's refinery plant on the island of Curacao an a preferred share ownership interest in Aqualectra, and integrated water and electric company in Curacao.

Since Marubeni was founded in 1858, the company has become one of Japan's leading enterprises. Marubeni operates in 74 countries providing Services in energy power, chemicals, metals and eight other industrial sectors. Marubeni Corporation has built, owns and operates 72,000 megawatts of power around the world. Its size and experience provides the customer focus, operational expertise and financial capability to position Grand Bahama Power Company to meet the country's future electricity demand.

The Marubeni team is honored to have the opportunity to serve the people of Grand Bahama Island with reliable electricity and superior customer service to help power a thriving economy.

Link: http://www.marubeni.com/