January 2, 2013
Chile's CGE has sold the Ibener hydroelectric unit to Duke Energy Internati
Chile's CGE has sold the Ibener hydroelectric unit to Duke Energy International for $415m, it says. The deal includes the Peuchen and Mampil generation assets totaling 140 megawatts of capacity. The US-based power company, operating in Chile since buying a gas-fired plant in July, expects to fund about half of the purchase price with a bank loan. Citi advised Duke, and JPMorgan advised CGE.