Duke Energy's International Branch to Buy Added Chilean Assets for $415M

Duke Energy International (DEI), a subsidiary of Duke Energy Corporation DUK, is pleased to announce the acquisition of CGE Group's Iberoamericana de Energia Ibener S.A. (Ibener) subsidiary in Chile, including hydroelectric generating assets with 140 megawatts of installed capacity, for $415 million. As part of the transaction, DEI has acquired two run-of-river hydroelectric powerplants – Peuchen and Mampil with combined installed capacity of 140 megawatts. The hydroelectric stations use the water from the Duqueco River (VIII region). The electricity generated from these stations feeds into the Central SIC grid at the Charrua 220 Kv transmission system.