Our Portfolio
GIP has made the following infrastructure investments:
Channelview Cogeneration Facility
Year of Investment: 2008
Channelview is a nominal 830 Megawatt natural gas-fired cogeneration facility in the greater Houston, Texas area. Channelview, which became operational in 2002, is a clean, efficient power generator that sells steam and a portion of its electric output under long-term contracts. GIP is the majority shareholder in Channelview, which was acquired from affiliates of Reliant Energy in July 2008 in an equity partnership with FORTISTAR.
Biffa Limited
Year of Investment: 2008
Biffa is a leading integrated waste management infrastructure company with a presence throughout the United Kingdom. The company operates across the value chain of waste collection, recycling and treatment and disposal. It is the market leader in the Industrial and Commercial collection business with over 450 national customers and approximately 75,000 local customers. The company has one of the largest landfill and resource recovery operations in the UK with 33 landfill sites and 42 treatment and recycling centers.
East India Petroleum Limited
Year of Investment: 2007
EIPL is a provider of liquid storage services for petroleum, lubricant products, petrochemicals, liquefied petroleum gas and bio diesel. The facility is located in the premier port of Visakhapatnam, India, whose cargo volumes and related freight activities make it one of the busiest in India.
International Port Holdings
Year of Investment: 2007
IPH is a wholly-owned subsidiary of GIP that was acquired in 2007 to provide GIP with a platform to lead and drive value in its investments in the ports sector. IPH is led by the experienced management team of Alistair Baillie, former Chief Operating Officer of P&O Ports, and Eliza O'Toole, formerly a City legal partner specializing in infrastructure development. IPH’s strategy is to invest in port assets internationally where there is growth and value creation opportunity. This focus applies across the sector with potential investments in all forms of port activity and ownership.
http://www.i-p-h.co.uk/
Investments made through IPH to date are:
International Trade Logistics (ITL)
Year of Investment: 2008
ITL is Argentina’s second largest and most modern container terminal. The Company also operates complementary logistics and warehousing businesses. GIP through its wholly-owned subsidiary IPH partnered with PSA International, the world’s largest operator of container terminals, to acquire a majority interest in this world class container port and logistics business.
PSA (UK) East Terminal
Year of Investment: 2007
IPH (40%) formed a joint-venture company with PSA International (60%) to operate a short sea container terminal at the Great Yarmouth Port. IPH and PSA International are making a substantial capital investment in creating this container terminal. The first phase is projected to be operational in early 2009.
Great Yarmouth Port (GYP)
Year of Investment: 2007
GYP is the principal UK port servicing the Southern North Sea oil and gas industry. Together with general cargo including forest products, agribulk and aggregates, it handles 1.3 million tons per annum. GYP is constructing a new deep water outer harbour at Great Yarmouth which will provide enhanced port facilities to cater to larger vessels and a wider range of trades, including a new container terminal for feeder and short sea services.
London City Airport
Year of Investment: 2006
GIP acquired 100% of London City Airport jointly with AIG FP in late 2006.
Located close to Canary Wharf and the City of London, London City Airport is convenient for business travellers. The airport offers easy access to key business destinations within the United Kingdom and across Europe. Since acquiring a 50% interest in London City Airport, GIP has supported a program of investment and operational improvements aimed at increasing capacity and improving the operating offering and service quality. London City Airport’s passenger numbers grew by 22% in its first full year of ownership.