IFC and IFC Global Infrastructure Fund Invest US$100m in Orazul Energy Partners (Latin America)
Posted On: 01 Mar 2017 | Source(s): IFC
Development finance institution IFC and the IFC Global Infrastructure Fund (GIF), a fund managed by IFC Asset Management Company, have invested US$100 million in Orazul Energy Partners. Orazul is an affiliate of Orazul Energy Holdings, an energy platform in Latin America established by global infrastructure investment manager I Squared Capital to acquire Duke Energy International’s assets in the region. IFC and GIF each committed US$50 million to support the previously announced acquisition, which includes 1,600 megawatts of operating hydroelectric and thermal power plants, transmission lines and gas-processing operations in Peru, Argentina, Chile and Ecuador.