The Ministry of Energy and Mines (MEM) of the Government of Peru has signed a Framework Cooperation Agreement with the Energy Research Centre of the Netherlands (ECN) in order to promote planning and action on energy efficiency, as well as the generation and use of renewable energies, with the aim of stimulating sustainable economic and energy development in Peru.
Energy Finance & Investment News in Peru
The European Investment Bank (EIB) will provide US$150 million to the renewable energy production company Enel Green Power Peru, a local subsidiary of the Enel group, for the construction and operation of a wind farm and a photovoltaic solar plant currently under construction in the Andean country.
ISQ Global Infrastructure Fund II, which is owned by I Squared Capital, an infrastructure private equity firm based in New York, is acquiring the Latin American and Caribbean businesses of Inkia Energy, a wholly-owned subsidiary of IC Power Ltd., for US$1.2 billion.
Peru’s infrastructure authority ProInversion has awarded a PPP contract for the design, construction, financing, operation and maintenance of a 220 kV transmission line located in the south of the country.
Statkraft and Norfund have closed an agreement to swap shares in their jointly owned international hydropower assets.
WSP Global Inc. has announced that it is pursuing its expansion in Latin America through the acquisition of Poch, a 730-employee professional services firm based in Chile. The firm has additional offices in Peru, Colombia and Mexico.
The Peruvian Private Investment Promotion Agency (ProInversión) has awarded to the Italian based company Terna Plus the concession contract for the Aguaytía-Pucallpa Transmission project under a PPP basis.
IFC, a member of the World Bank Group, and the IFC Global Infrastructure Fund (GIF), a fund managed by the IFC Asset Management Company (AMC), have invested a combined US$100 million in Orazul Energy Partners LLC, an affiliate of Orazul Energy Holdings LLC, an energy platform in Latin America owned by I Squared Capital.
ProInversión, through its Committee on hydrocarbons and Energy Projects Pro Connectivity announces the call for its tender of Comprehensive Projects for awarding concession of the Guaranteed Transmission System (GTS)’s projects 500 kV Mantaro-Nueva Yanango-Carapongo Connection and Associated Sub-stations, 500 kV Nueva Yanango – Nueva Huánuco, 220 kV Tintaya-Azángaro Connection and Associated Sub-stations.
The Government of Peru has cancelled Odebrecht contract to develop the Southern Gas Pipeline (GSP) after the consortium failed to meet its financing deadline.
Governments of Latin America to discuss investment opportunities for energy projects – Washington, D.C March 2017
Latin American public and private sector leaders will address countries’ policies and strategies to engage investors and stimulate open discussions. 250 energy developers, financiers and public sector stakeholders are expected to attend the meeting from North America and countries across Latin America.
Spanish-based Repsol has closed the refinancing for its 83% owned refinery project in Peru, La Pampilla.
Duke Energy has reached an agreement to sell its international businesses in Peru, Chile, Ecuador,Guatemala, El Salvador and Argentina to I Squared Capital for approximately $1.2 billion enterprise value (cash and the assumption of debt)
Ardian Infrastructure has announced it has acquired an 81% stake in four Solarpack solar PV plants in South America for US$31 million.
Peru's energy and mines ministry (MEM) has signed the concession contract for Montalvo-Los Héroes 220 kV transmission line.
The consortium formed by Sempra and Techint will acquire 55% percent shareholding in the Southern Andean Gas Pipeline concession in Peru, replacing Odebrecht's remaining stake in the project.
Edegel and Chinango, both subsidiaries of Enel Group, have sold transmission assets in Peru to Conelsur.
Peru's private investment promotion agency, ProInversión, San Gabán S.A. and Hydro Global Peru S.A.C. have signed the contract to develop the San Gabán III hydroelectric power plant.
Brookfield Asset Management Inc. has announced that it held the final close on Brookfield Infrastructure Fund III (BIF III) with an aggregate of US$14 billion of equity commitments, creating a global infrastructure fund that invests in high-quality, core infrastructure assets on a value basis.
Abastible has agreed with Repsol S.A. the acquisition of the latter’s GLP operations in Peru (Solgas) and Ecuador (Duragas), not including Repsol’s activities in the GLP auto retail business.