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Investments In and Advances To Affiliates
3 Months Ended
Jun. 30, 2011
INVESTMENTS IN AND ADVANCES TO AFFILIATES

6. INVESTMENTS IN AND ADVANCES TO AFFILIATES

In February 2011, the Company acquired a 49.6% interest in Entek Elektrik Uretim A.S. (“Entek”) for approximately $136 million. Additional consideration of $13 million was provided in May 2011 which resulted in a total purchase price of $149 million as of June 30, 2011. Entek owns and operates two gas-fired generation facilities with an aggregate capacity of 312 MW in Turkey, and is also engaged in an energy trading business. The Company has significant influence, but not control of Entek and accordingly the investment has been accounted for under the equity method of accounting.