Who is Tynagh Energy Limited?
Tynagh Energy represents a highly skilled collaboration of international and local expertise which came together to build Galway’s first power generating station. Tynagh Energy successfully tendered for a competition in December 2003, run by the Commission for Energy Regulation (CER) to design, finance, construct, operate and maintain a 400MW Combined Cycle Power Plant (CCGT) in east Co. Galway.
The current shareholders of Tynagh Energy are:
- GE Energy Financial Services (40%)
- Gama Energy International B.V. (40%)
- Mountside Partners Limited (20%)
GE Energy Financial Services (GE EFS)
GE Energy Financial Services has a 40% stake in Tynagh Energy and also is a 50% shareholder of Gama Energy Inc.
GE EFS is based in Stamford, Connecticut USA and has European operations based in London, invested $3 billion in the world’s most capital intensive industry, energy, in 2005. With more than $12 billion in assets, GE EFS offers structured equity, leveraged leasing, partnerships, project finance and broad-based commercial finance to the global energy industry from wellhead to wall socket. GE serves customers in more than 100 countries and employs 2,500 people in the Republic of Ireland and more than 300,000 people worldwide.
Gama Energy International B.V
Gama Energy International B.V. has 40% stake in Tynagh Energy Limited
Gama Energy International B.V was established in 2003 with the purpose of increasing effectiveness of Gama operations under a central organisation. The Gama Group are involved in the construction and erection of industrial plants (including power, oil and gas, petrochemical plants), as well as construction of business complexes, highways, bridges, dams, water and sewage treatment systems are structured under Gama International B.V.
Mountside Partners Limited
Mountside Partners Limited is a privately owned investment company. The company investments span traditional energy assets, renewable energy projects and property.