Lima, 19 July 2016 – The assets to be purchased comprise 21 transmission lines of 220 kV and 60 kV over 650 km.
Enel Generación Perú and its subsidiary Chinango, members the Enel Group in Peru, have made official the sale of their 220 kV and 60 kV transmission lines to Conelsur, a company related to Transelec Rentas Holdings S.A—a Chilean company of Canadian capital—that through this operation enters the Peruvian market.
The assets to be purchased by Conelsur comprise 21 transmission lines of 220 kV and 60 kV over 650 km.
Enel Generación Perú highlighted that the purpose for this purchase of non-strategic assets is to drop resources in order to focus on future strategic investments. Besides, transmission lines can be managed autonomously by third-party transmission operators.
After signing the purchase contract on 19 July, Enel Generación Perú, Chinango and Conelsur will submit to the Peruvian Ministry of Energy and Mines (MINEM) the transfer approval request in favour of Conelsur. Therefore, the transfer of lines and the financial closure of the transaction are subject to the corresponding ministry authorization.
Enel S.p.A. provides for the dissemination to the public of regulated information by using SDIR NIS, managed by BIt Market Services, a London Stock Exchange Group's company, with registered office at Milan, Piazza degli Affari, 6. For the storage of regulated information made available to the public, Enel S.p.A. has adhered, as from July 1st, 2015 to the authorized mechanism denominated “NIS-Storage”, available at the address www.emarketstorage.com, managed by the above mentioned BIt Market Services S.p.A. and authorized by CONSOB with the resolution No. 19067 of November 19th, 2014. From May 19th 2014 to June 30th 2015 Enel S.p.A. used the authorized mechanism for the storage of regulated information denominated “1Info”, available at the address www.1info.it, managed by Computershare S.p.A. with registered office in Milan and authorized by CONSOB with resolution No. 18852 of April 9th, 2014