from：China Three Gorges Corporationdate：2018-06-29
On May 17 (Santiago Time), after completing the verification of the final documents and signing the agreement, China International Water & Electric Corp. (CWE) acquired a 100% stake in Atiaia Energia, a Chilean company specializing in hydropower projects.
Atiaia Energia had been a wholly-owned subsidiary of Brazil’s Cornélio Brennand. Currently, it has the right to develop and operate two hydropower plants in Chile, with a total installed capacity of 191MW. In particular, the 90MW Rucalhue Hydropower Plant has received an electric power business license from the government meeting the conditions for investment and construction.
The acquisition is CWE’s first successful investment project in Latin America, which marks not only CWE’s entry into the clean energy sector of Chile, but also its strategic pivot from contracting to investment in Latin America, accumulating experience for its investment business and laying a solid foundation for CWE to crack the local market and steadily expand its investment.
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