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Chile fund in $450 mln Peru Edelnor energy deal
April 19, 2010 / 9:16 PM / 7 years ago

Chile fund in $450 mln Peru Edelnor energy deal

SANTIAGO, April 19 (Reuters) - Chilean investment fund Americas Energy Fund I won an eight-year contract to supply energy to electricity distributor Edelnor in Peru in an operation worth $450 million, one of the funds’ administrators said on Monday.

The fund, administered by SCL Energia and financial group LarrainVial, won the 180-megawatt contract via its local unit Termochilca with Edelnor (EDE.LM), an affiliate of energy group Enersis ENE.SN.

Termochilca, a thermal plant project that requires $250 million in total investment, is expected to start supplying energy to Edelnor in 2014.

“The project (Termochilca) already has environmental approval and recently signed a gas supply contract with the Camisea consortium,” LarrainVial said in a release.

Camisea is a massive gas field in the Andean country. (Reporting by Antonio de la Jara; Writing by Alonso Soto; Editing by Lisa Shumaker)

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