Blackstone Enters Water Infrastructure Venture
Published on by Water Network Research, Official research team of The Water Network in Business
Blackstone's private equity funds have entered an infrastructure joint venture in Mexico with Petróleos Mexicanos
Global Water Development Partners, managed by Blackstone, will invest with PEMEX in water and wastewater infrastructure.
Blackstone's Energy Partners created GWDP last yearto invest in companies in need of capital.
Jose Manuel Carrera, general director of PEMEX, said the partnership would enable it to focus its financial resources on its core business.
"In addition to providing a source of financing, the partnership will facilitate access to the industry's most advanced technology and integrated full-service water systems for all of PEMEX's water supply and wastewater-treatment needs at both its onshore and offshore oil production facilities, refineries and petrochemical plants," Carrera said.
Source: IP Realestate
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