Compelo Energy is using cookies

We use them to give you the best experience. If you continue using our website, we'll assume that you are happy to receive all cookies on this website.

ContinueLearn More
Close
Dismiss

Purchasing interests in Argentina

A unit of US-based Southern Company has agreed to sell its 59% interest in Hidroelectrica Alicura to AES Corporation of the US for US$205M. Alicura owns the concession to operate a 1000MW peaking hydro power plant located in the province of Neuquen, Argentina.

AES is also purchasing Southern Company’s 100% stake in Operadora de Argentina SA, which provides operation and maintenance services for the hydro facility in Neuquen, under a long term contract.

Meanwhile, Duke Energy International, a subsidiary of US-based Duke Energy, has purchased stakes in Hidro- electrica Cerros Colorados and Central Termica Alto Valle, in Argentina. Duke bought stakes in the two hydro plants from the US company Dominion Resources.