The Chilean company Colbúnbelonging to Matte Groupwill consolidate its presence in the Peruvian energy market by acquiring total thermoelectric control Fenix Power Peru. As reported by Chile’s financial newspaperthe company will disburse 67 million dollars to acquire the remaining 41.4% of the shares of the company Inversiones Las Canteras (ILC), owner of the Fenix Central, becoming the only owner of this firm.
Until now, Colbún already owned 58.6% of ILC, and the transaction will be made with Platinum Bolt A 2015 RSC Limiteda subsidiary of a sovereign fund by Abu Dhabi.
According to the information provided by Colbún to the Commission for the Financial Market (CMF)the closure of this operation is subject to usual suspensive conditions in this type of transactions. Among them, the approval of the National Institute for the Defense of Competition and the Protection of Intellectual Property of Peru (Indecopi).
The General Manager of Colbún, José Ignacio EscobarHe pointed out that this process is part of the necessary requirements to specify the definitive acquisition of the actions.
The thermoelectric plant Fenixlocated in the district of Chilca67 kilometers south of Lima, it is one of the most relevant facilities of the Peruvian electrical system. With an installed capacity of 572 megawatts (MW), it operates under a combined cycle system that uses natural gas and water vapor, allowing a more efficient generation of energy.
This type of technology, which combines two 190 MW natural gas turbines and a 190 MW vapor turbine, maximizes the use of energy resources. In addition, the plant uses marble marked water through underwater pipes for the cooling of auxiliary equipment, as well as demineralized water for the steam turbine.
The strategic location of the central in Chilca, an energy pole in the south of the country, gives significant advantages. Its proximity to Camisea gas pipeline Already the Chilca electric substation, operated by CONSORCIO TRANSMANTARO SA (CTM)facilitates energy distribution to National Interconnected Electrical System (SEIN). CTM, in turn, belongs to Colombian companies Electric interconnection SA (ISA) y Bogotá Energy Group (GEB)Isa being the majority shareholder in Peru.
Colbún’s interest in Fenix Power is not new. In 2015, Chilean electric acquired, together with other partners, 100% of this company’s shares for a total of 171.4 million dollars.
At that time, Colbún stayed with 51% of the shares, while the Sovereign Fund of Abu Dhabi, through Blue Bolt A 2015 Limitedobtained 36%, and the infrastructure investment fund administered by SIGMA of Peru acquired 13%. Since then, Colbún has acted as a controller and operator of the Central.
The Fenix Central began its commercial operations as a combined cycle from 00:00 on December 24, 2014, after the authorization of the Economic Operation Committee of the National Interconnected Electrical System (COES)becoming one of the most efficient plants of the Peruvian electrical system. In addition to its technical capacity, it has long -term contracts with the main energy distributors of the country, which reinforces its importance within the local energy market.
With this new acquisition, Colbún seeks to consolidate its position in the energy sector of Peru, a key market for the expansion of its international operations. The transaction also reflects the company’s interest in strengthening its asset portfolio in electricity generation, especially in a country where energy demand is still growing.
