Category: Latin America Deal Watch

Colombian GEB to acquire five transmission concessions in Brazil

Colombian Grupo Energía Bogotá (GEB) has signed an agreement to acquire 100 per cent shares in five transmission concessions in Brazil, to expand in South America. GEB will acquire the concessions through its subsidiaries, Argo Energia Empreendimentos e Participações (Argo Energía) and Gebbras Participações Ltda (Gebbras).

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Chilean SAESA signs agreement to acquire Enel Chile for USD1.34 billion

Chile-based Grupo Sociedad Austral de Electricidad S.A. (SAESA), an electric utility owned by the Canadian Ontario Teachers Pension Plan Board (OTPPB) and Alberta Investment Management Corporation (AIMCo), has signed an agreement with Enel Chile—a unit of Italy’s energy company Enel— to acquire its 99.09 per cent stake for about USD1.34 billion.

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Uruguay’s UTE places debt-securities for construction of Tacuarembó–Salto line

The state-owned power utility, Administración Nacional de Usinas y Trasmisiones Eléctricas (UTE), and República Administradora de Fondos de Inversión SA (RAFISA) or Administrative Republic of Investment Funds SA, a part of Banco de la República Oriental del Uruguay (BROU) or Bank of Oriental Republic of Uruguay, have placed debt securities for USD93 million to invest in the 500 kV Tacuarembó–Salto line at a linear annual rate is 3.125 per cent with Financial Trust.

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Brazilian Eletrobras sells stake in CEEE–T to CPFL Energia

Brazilian state-run power company Centrais Eletricas Brasileiras SA’s (Eletrobras) has announced the sale of its stake of 32.66 per cent in the energy transmission firm Companhia Estadual de Transmissao de Energia Eletrica (CEEE–T) to CPFL Energia S.A., for BRL1.10 billion.

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IaDB to fund Paraguay’s transmission system upgrade

The Inter-American Development Bank (IaDB) has approved a loan worth USD260 million to support the Plan Nacional de Desarollo Paraguay 2030 or Paraguay National Development Plan 2030 through the expansion of the electricity transmission system, to provide the country with sustainable, reliable and efficient energy supply.

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EDP sells three transmission assets to Actis in Brazil

EDP Energias do Brasil, Brazilian subsidiary of Portuguese energy company Energias de Portugal (EDP), concluded the sale with Actis Assessoria Investimentos Ltda., a leading global investor in sustainable infrastructure, of three transmission line concessions involving 439 km of line length and a Receita Anual Permitida (RAP) or Allowed Annual Revenue of BRL131 million.

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Brazilian Eletronorte sells stake in transmission company

Brazilian state-run power company Centrais Eletricas Brasileiras SA’s (Eletrobras) subsidiary Centrais Elétricas do Norte do Brasil SA (Eletronorte) has sold its stake in Norte Brasil Transmissora de Energia SA (NBTE) worth USD140 million.

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Energía de Colombia secures financing for Atlántico project

Colombian electric transmission concessionaire Energía de Colombia STR SAS ESP has secured financing for the development of the 23-km Atlántico transmission line and associated substations in the Sistema de Transmisión Regional (STR) in the Department of Atlántico.

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IDB Invest provides USD67 million for Cardal Transmission Project in Uruguay

IDB Invest, a member of IDB Group, has provided a USD67 million financial package for Tealov S.R.L (Tealov), a Uruguayan special purpose company (SPV) sponsored by Invenergy Renewables Global LLC (Invenergy) to develop the Cardal Transmission Project in Uruguay. This financial boost comprises an USD11.5 million loan and a USD55.5 million worth B-bond.

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