Latin America power sector roundup

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Wednesday, February 3, 2016

Power and automation technology group ABB's orders and revenue from the Americas in the fourth quarter totaled US$2.49bn and US$2.63bn, respectively, down 8% and 11% year-on-year, according to the company's latest financials.

In its earnings presentation, ABB said Brazil is a "difficult environment driven by structural issues and commodity depressions."

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BNamericas has learned that the energy environmental affairs office of Peru's energy and mines ministry approved the executive summary of Consorcio Transmantaro's EIS for 220kV transmission line Friaspata-Mollepata.

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Colombian utility Empresas Públicas de Medellín (EPM) announced in a filing to securities regulator Superfinanciera that Medellín's mayor presented a draft agreement for the municipal council to approve the sale of EPM's 13.14% stake in power generator Isagen.

Last month, Brookfield Renewable Energy Partners and its institutional partners completed the acquisition of 57.6% of the outstanding common shares of the previously state-owned electricity producer for US$2.2bn.

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Power utility NV Energie Bedrijven Suriname issued a call for bids to expand and upgrade existing SCADA/EMS capabilities of the T&D grid as part of an IDB-financed power sector improvement program. Offers are due April 26, according to the procurement notice.

UPCOMING BNAMERICAS EVENTS

4TH Mexico Electric Power Summit

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5TH Mexico Infrastructure Summit

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4TH Mexico Oil&Gas Summit

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