Abu Dhabi-Mubasher: Blue Bolt Limited, a subsidiary of Abu Dhabi Investment Authority (ADIA), purchased a 36% stake in Fenix Power Perú, as part of a consortium transaction valued at $786 million, according to a statement on Wednesday.
Fenix Power, which is a Peruvian thermoelectric power generation company in Lima, owns a 570 megawatt combined cycle power plant in the district of Chilca in south of Lima and is responsible for producing 10% of the energy currently consumed in Peru.
“We have received up to $1.7 billion in investments from the UAE since 2010, making Peru the second biggest investment destination in Latin America, to our knowledge,” said Alvaro Silva-Santisteban, director of the Trade and Investment Office of Peru in the UAE.
Total exports from Peru to the UAE saw a jump by 700% from 2011 to 2014, and further growth of 30% from 2014 to 2015, said the statement.
