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Today Emera an energy and services company based in Nova Scotia ,Canada has agreed to invest US$22 million to acquire a 19% interest in St. Lucia Electricity Services Limited (Lucelec) from the Caribbean Basin Power Fund who is managed by(Energy Investors Funds) EIF Group.

Serving more than 50,000 customers with exclusive license to generate, transmit and distribute electricity on the island of St. Lucia until 2045, there are growing prospects and opportunities in the Caribbean Market.

Emera will now own to two(2) seats on the Broad of directors. Emera expects to finance the acquisition using existing credit facilities and the transaction is expected to close by January 19, 2007.

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