Deals
Three Gorges Emerges as Lead Bidder for $1 Billion Hydro Plant
- Odebrecht aims to reach deal with state-owned firm in weeks
- Brazilian group put Chaglla project up for sale last year
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China Three Gorges Corp., a state-owned electricity producer, has emerged as the leading bidder for Odebrecht SA’s Chaglla hydropower plant in Peru, according to people with knowledge of the matter.
Odebrecht aims to reach a deal with the Beijing-based company in the next few weeks on the sale of the 456-megawatt power plant, the people said, asking not to be identified because the information is private. A deal could value the project at more than $1 billion including debt, the people said.