Emerging markets power company Globeleq has completed the purchase of power assets in Pakistan and Bangladesh from El Paso Corp, including a significant interest in Fauji Kabirwala, a 157 MW natural gas fired generator in Pakistan.

The purchase of additional assets in South and Southeast Asia is expected to close later in 2006, while the acquisition of a significant interest in NEPC, a 113 MW natural gas-fired generator in Bangladesh, closed earlier in the year.