Duke Energy International to acquire additional Chilean assets
CHARLOTTE, N.C., Dec. 26, 2012
CHARLOTTE, N.C., Dec. 26, 2012 /PRNewswire/ --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.
(Logo: http://photos.prnewswire.com/prnh/20040414/DUKEENERGYLOGO )
"Chile is an attractive market to grow our business and these assets are an
excellent addition to our existing South American hydroelectric power plants,"
said Andrea Bertone, President, Duke Energy International.
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.
Citigroup and Banchile Citi acted as DEI's advisors on the transaction. In the
first quarter 2013, DEI expects to close on a secured financing from a group
of local banks for around half of the purchase price.
"We will continue to evaluate additional growth projects in Latin American
countries, like Chile, where there is strong growth potential and a stable
regulatory system," added Bertone.
DEI has been operating in Chile since July of 2012, when it acquired the
Yungay plant (formerly known as the Campanario plant), a 240 megawatt diesel
generating facility. Chile is now the fourth largest country in terms of
generating capacity for Duke Energy's international operations.
Duke Energy International
Duke Energy International owns, operates or has substantial interests in
approximately 4,600 megawatts of generation, all in Latin America.
Approximately 70 percent of this capacity is hydroelectric and is highly
Duke Energy is the largest electric power holding company in the United States
with more than $100 billion in total assets. Its regulated utility operations
serve approximately 7.1 million electric customers located in six states in
the Southeast and Midwest. Its commercial power and international business
segments own and operate diverse power generation assets in North America and
Latin America, including a growing portfolio of renewable energy assets in the
United States. Headquartered in Charlotte, N.C., Duke Energy is a Fortune 250
company traded on the New York Stock Exchange under the symbol DUK. More
information about the company is available at: www.duke-energy.com.
Media Florencia Fidel
Duke Energy Argentina and Chile
Duke Energy Brazil
Investors Bob Drennan
SOURCE Duke Energy
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