US power group Duke Energy has completed the sale of its international activities in Peru, Chile, Ecuador, Guatemala, El Salvador and Argentina to I Squared Capital for approximately US$1.2bn, thus completing the exit of international business as announced in October 2016.
The transaction includes 2.3 GW of power capacity: 575 MW of power capacity in Argentina (435 MW hydro and 140 MW gas), 549 MW in Peru (367 MW of hydro and 192 MW of gas), 362 MW in Chile (222 MW of HFO and 140 MW of hydro), 360 MW in Guatemala (277 MW of HFO and 83 MW of coal), 293 MW in El Salvador (HFO) and 163 MW of diesel-fired capacity in Ecuador. Duke Energy International also operates power transmission lines and a gas processing plant in Peru.
Duke Energy began the process of exiting its International Energy business segment (4.4 GW of power capacity and marketing of power, gas and gas liquids in Central and South America) in February 2016. In October 2016, Duke Energy sold China Three Gorges its holdings (2,090 MW of hydropower capacity) in Brazil for approximately US$1.2bn. Duke Energy will retain its 25% stake in National Methanol Company, a Saudi Arabian regional producer of methanol and methyl tertiary butyl ether (MTBE).
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