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GDF Suez sells South American power assets

Aug 14, 2014 - The Deal Pipeline

French utility GDF Suez S.A. announced today that it has sold its power assets in Panama and Costa Rica to Celsia S.A. E.S.P., a Colombian power generator, in a deal valued at $840 million. The assets included in the transaction include the Dos Mares hydro complex (118 megawatts), the Cativa fuel oil plant (83 megawatts), the Guanacaste wind farm (50 MW), and the 249 megawatt Bahia Las Minas thermal complex (coal and fuel oil plants), in which GDF has a 51% share. The sale is the result of a dir...