Market Overview

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

Share:
Related DUK
These ETFs Could Help You Trade Short-Term Moves In Defensive Sectors
Mid-Afternoon Market Update: NetEase Rises On Upbeat Earnings; Avon Products Shares Plunge
Utilities And Gold Bump Higher As Broad Stock Market ETFs Soften (Investor's Business Daily)

Duke Energy International (DEI), a subsidiary of Duke Energy Corporation (NYSE: 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.

Posted-In: News M&A

 

Related Articles (DUK)

View Comments and Join the Discussion!