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Celsia, which looks to purchase the asset, said in a statement that Proesas informed authorities it will not be able to comply with firm energy obligations assigned in a 2012 auction, as construction has not begun.
The expected December 2018 operation startup will be delayed over a year, added Celsia, which said Porvenir II could participate in future supply calls.
The acquisition will be finalized once all permits, including the environmental license, are in place, said Celsia.
BNamericas will host its 11th Southern Cone Energy Summit in Lima, Peru, on November 12-13. Click here to download the agenda.