Globeleq asset sales include hydro utilities in Peru, Bolivia

U.S.-based emerging markets power company Globeleq announced the sale of power businesses in Latin America, Africa, and Asia, including the sale of hydropower utilities in Peru and Bolivia.

Globeleq said it is receiving a total of more than US$1 billion for the assets and will continue to develop and invest in new power projects.

The Latin American transaction includes sale of assets in eight countries to a consortium of D.S. Constructions Ltd. of India and Israel Corp. Ltd.

Hydro utilities include Peru’s Empresa de Generacion Electrica de Lima (Edegel), which has 1,400 MW of generation including 747.2 MW of hydro: 258.4-MW Huinco on the Santa Eulalia River; 120-MW Matucana on the Rimac River; 73-MW Callahuanca, 69-MW Moyopampa (HNN 3/2/07), and 31-MW Huampani all on Santa Eulalia and Rimac; 42.8-MW Yanango on Tarma and Yanango rivers; and 153-MW Chimay on the Tulumayo River.

The other hydro utility in the sale is Bolivia’s Compania Boliviana de Energia Electrica (COBEE), with 220-MW generating capacity including 202 MW of hydro.

Other Latin American assets sold in the Dominican Republic, El Salvador, Guatemala, Jamaica, Nicaragua, and Panama are powered by fuel oil. Thermal assets in Egypt, Bangladesh, Sri Lanka, and Pakistan were sold to a consortium of Tajong Energy Holdings of Malaysia and Aljomaih of Saudi Arabia.

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