Summary
Duke Energy Corporation (DUK) announced through its subsidiary, Duke Energy International, LLC (DEI), the acquisition of CGE Group's Chilean subsidiary, Iberoamericana de Energía Ibener S.A. (Ibener). The purchase price for this transaction was $415 million in cash. This acquisition includes two run-of-river hydroelectric powerplants, Peuchén and Mampil, located in Chile's VIII region, with a combined installed capacity of 140 megawatts. Duke Energy expects to finance approximately half of the acquisition cost through secured financing from local banks, anticipated to close in the first quarter of 2013. This move signifies Duke Energy's expansion into international renewable energy assets.
Key Highlights
- 1Duke Energy International, LLC (DEI), a subsidiary of Duke Energy Corporation, acquired CGE Group's Chilean subsidiary, Ibener.
- 2The acquisition cost was $415 million in cash.
- 3The acquired assets include two run-of-river hydroelectric powerplants: Peuchén and Mampil.
- 4The combined installed capacity of the acquired powerplants is 140 megawatts.
- 5The hydroelectric stations are located in Chile's VIII region and utilize water from the Duqueco River.
- 6DEI plans to secure financing for approximately half of the purchase price from local banks.
- 7The financing is expected to close in the first quarter of 2013.