On January 19, the definitive agreement for the acquisition of all the capital stock of Termochilca S.A., as well as receivables from its financial creditors (senior debt and subordinated bonds), was signed. The buyer is Compañía Eléctrica El Platanal S.A. - CELEPSA.
Termochilca is engaged in the generation and commercialization of electricity and has a combined cycle thermal power plant located in the district of Chilca, province of Cañete, with an installed capacity of 300 MW. CELEPSA is also engaged in power generation and has two hydroelectric plants, one located in the provinces of Yauyos and Cañete with an installed capacity of 220 MW, and another located in the province of Huamalíes, for the development of 19.4 MW of power. CELEPSA is part of the Unacem Group, a conglomerate with a diversified portfolio. This transaction will enable CELEPSA to increase its current capacity and strengthen its position in the Peruvian electricity market. The transaction is valued in US$141 million.
Closing is subject to the authorization of the Peruvian Antitrust Authority (National Institute for the Defense of Competition and Protection of Intellectual Property – INDECOPI).
Legal advisors of Termochilca’s shareholders:
Rebaza, Alcázar & De Las Casas: Partners Gonzalo De Las Casas, José Jiménez, Daniel Gonzáles and Associate María José García.