HOUSTON, Aug. 7, 2017 /PRNewswire/ -- Orazul Energy ("Orazul" or "the Company"), a leading power producer with thermal, hydroelectric, and natural gas facilities throughout Latin America, and portfolio company of global infrastructure investment management firm, I Squared Capital ("the Firm"), today announced the appointment of its Chief Executive Officer ("CEO").
The Orazul Board of Directors has named Willem Van Twembeke its CEO. Van Twembeke is Orazul's first CEO since the Firm's acquisition of regional facilities (ex-Brazil) from Duke Energy International. As part of his role, Van Twembeke will partner closely with the regional presidents of Orazul's operations.
"It is a privilege to join the Orazul team," said Van Twembeke. "I am honored to be part of an organization with such a strong reputation for operational excellence and innovative solutions that will expand the energy matrix throughout Latin America. I look forward to working with all my colleagues throughout each country to implement our plan to grow the business and enhance our positive impact in the region."
Van Twembeke joins Orazul following a 25-year tenure at Tractebel and various companies within the ENGIE Group, where he played a key role in developing the company's global footprint, including substantial work in Latin America. As CEO of EnerSur and Calidda, he reengineered both Peruvian companies, transforming them into significant players in the local energy market. As COO of ENGIE Energy Latin America, he contributed to building the company into a first-tier competitor in the region. Most recently, he served as Executive Vice President of ENGIE's Energy International Business Line managing international operations in several regions and leading business development.
Among other degrees, Van Twembeke holds a Master of Business Administration (1992 to 1994) from the Catholic University of Louvain, Belgium; a Master of Engineering (1988 to 1990) in Nuclear Science from the Rensselaer Polytechnic Institute, New York, USA; and a Master of Science in Electromechanical Engineering (1983 to 1988) in Power Electricity from the Catholic University of Louvain.
About Orazul Energy
Orazul Energy, headquartered in Houston, Texas, is one of the largest privately-owned, independent power producers in Latin America, with 2,300 megawatts of generation capacity, and 740 kilometers of transmission lines in facilities throughout Peru, Chile, Argentina, Ecuador, Guatemala and El Salvador.
About I Squared Capital
I Squared Capital is an independent global infrastructure investment manager focusing on energy, utilities, and transport in the Americas, Europe, and select high growth economies. The Firm has offices in New York, Houston, London, New Delhi, Hong Kong, and Singapore.
Media Relations Contact:
Arielle Patrick, Orazul Energy
+1 (212) 445-8470
Investor Relations Contact:
Andreas Moon, I Squared Capital
+1 (212) 339-5339
SOURCE I Squared Capital