The Israeli firm IC Power (a 100% subsidiary of Kenon Holdings) has divested all its Caribbean and Latin American assets to the infrastructure private equity firm I Squared Capital for US$1.18bn. IC Power ran the assets through its wholly-owned subsidiary Inkia Energy and the deal encompasses around 3,450 MW of power generating assets, out of the company's total portfolio of 3,914 MW.
The sale portfolio includes 2,200 MW of power generation assets in Peru (the 1,000 MW Kallpa gas-fired power plant, the 545 MW Cerro del Aguilla hydropower facility and the 632 MW Puerto Bravo diesel-fired power station), 228 MW of small hydro capacity in Bolivia, 211 MW in Chile (including the 153 MW Cardones diesel-fired plant). Inkia Energy's portfolio includes also power generation assets in Nicaragua (185 MW), Guatemala (the 179 MW Puerto Quetzal facility), Panama (146 MW), El Salvador (the 140 MW oil-fueled power plant), Dominican Republic (67 MW) and Jamaica (60 MW), which are all comprised in the divestment.
IC Power's remaining assets, which are ran by its subsidiary OPC Energy and include namely the 440 MW Rotem CCGT facility in Israel, are not included in the transaction.
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