was established in February 2001 based on the approval of the 6th meeting of Awqaf ministers of member countries of the Organization of Islamic Conference, OIC, in Jakarta, Indonesia, 1997.
As a first step in the partnership, Emera and APIF have committed to acquire the California-based electricity distribution and related generation assets of Sierra Pacific Power Company from NV Energy for approximately USD $116 million subject to certain working capital and other closing adjustments.
5 million units of APIF will happen concurrently with the closing of the Calpeco transaction.
Certain statements contained in the information herein are forward-looking and reflect the views of APIF
and Algonquin Power Management Inc.
The transaction with CJIG Subco represents a cost effective opportunity for APIF
to access the capital markets on an attractive basis, without payment by APIF
of the typical offering costs or discounts", commented Ken Moore, Chairman of the Trustees of APIF