Pan West Engineers and Constructors LLC (Pan West)
This company represents the successful collaboration of three of this country’s leading institutional investors: NEL, the National Insurance Board of Trinidad and Tobago and the Trinidad and Tobago Unit Trust Corporation. Together, these institutions acquired Pan West Engineers and Constructors LLC from a wholly-owned subsidiary of General Electric Capital Corporation. The acquisition meant that together these local investment institutions own 10% of Phoenix Park Processors Limited. Each institution has an equal 33.3% stake in the company through which all shareholders in these institutions now benefit. This investment increases NEL’s participation in the energy sector through a profitable, well managed company.