Two bidders vie for Peru’s Chaglla

Two bidders vie for Peru’s Chaglla

Peru Project & Infrastructure Finance

Two bidders, Canadian investor Brookfield and China Three Gorges (CTG), are now vying for the Chaglla hydroelectric power plant in Peru. The successful bidder is likely to spend near $1.3bn for the 406 MW facility, according to three M&A sources. SMBC Nikko, Scotiabank and Itau BBA are advising Brazilian construction firm Odebrecht, sources away from the banks said. Last month, Chilean utility Colbun and US energy investor Contour Global also presented final bids for Chaglla, but have not

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