Denham-backed African IPP hires project developer

Endeavor Energy, a recently formed IPP-backed by Denham Capital, has hired Jason Pastorius as V.P. of Development in Houston.

Pastorius, formerly with ContourGlobal, Credit Suisse and Dexia, joined the Africa-focused power generation investment company earlier this month, says a source.

Pastorius declined comment.

Endeavor was launched early this summer with some $100 million of seed capital provided by Denham.

The company will invest in thermal generation and hydroelectric power projects across Africa and will primarily focus on developing mid-to-late stage projects in capacity short markets, where it will form joint ventures with local development partners.

The firm now has some seven to eight staff split between Houston, Washington, D.C., and London.

It is led by Houston-based Sean Long, a former head of Enron International’s operations in Africa.

Pastorius most recently ran Provinceroot International, an Africa-focused advisory and investment firm that he establish in 2011.

Previously, he worked at international power generation company ContourGlobal, where he acted as project manager of a 100 MW power project in Togo.

Before that, he held project finance and syndications roles at Dexia Credit Local in New York and also spent five years at Credit Suisse, where he worked on project finance advisory mandates, including advising Mubadala on the Dolphin Energy undersea natural gas pipeline linking Qatar to Abu Dhabi.

Reprinted with permission from sparkspread.com .