In addition to receiving funding from Blackstone, PQ is seeking further partnerships with power generation companies as it looks to develop a power generation business that stretches through Europe.
Funds controlled by investment and advisory firm Blackstone formed a partnership on Monday with PQ Energy, a newly formed, Switzerland-based power generation company founded by ex-employees of power generation corporation ABB.
PQ will use the financing provided by Blackstone to acquire or develop power generation facilities across Europe, and has stated that it is open to partnering with existing plant owners looking to diversify their assets.
Rolf Kehlhofer, formerly the president of ABB, will take up the same position…
