Duke Energy considers selling International Energy business segment

Duke Energy is considering the sale of all or a portion of its International Energy business segment. Headquartered in Houston, Duke Energy International owns power plants in Central and South America.

The company’s preparations are at a preliminary stage and no binding or non-binding offers have been requested or submitted. No assurance can be given that any process, if ultimately started, will result in a transaction.

Management will provide any updates during its regularly scheduled earnings call on Feb. 18.

Duke Energy International facilities include about 4,400 MW of capacity in power plants in Argentina, Brazil, Chile, Ecuador, El Salvador, Guatemala and Peru. Two-thirds of the power plant portfolio is hydro and half are located in Brazil. The majority of the power generated by the plants is either contracted or receiving a capacity payment.

Duke Energy’s 25-percent equity investment in National Methanol Co., a Saudi Arabian regional producer of methanol and methyl tertiary butyl ether, a gasoline additive, will not be included in this potential transaction.

The company made the announcement in light of a required statement made early Thursday by its Brazilian unit, Duke Energy International, Geração Paranapanema S.A., which has publicly-traded securities in Brazil.

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The Clarion Energy Content Team is made up of editors from various publications, including POWERGRID International, Power Engineering, Renewable Energy World, Hydro Review, Smart Energy International, and Power Engineering International. Contact the content lead for this publication at Jennifer.Runyon@ClarionEvents.com.

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