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Investments In and Advances To Affiliates
3 Months Ended
Sep. 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 purchase consideration of $13 million was paid in May 2011, increasing the total purchase consideration to $149 million. Entek owns and operates two gas-fired generation facilities in Turkey with an aggregate capacity of 312 MW, 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.