The Americas

Abu Dhabi investment fund's subsidiary buys into Peru energy

A subsidiary of the Abu Dhabi Investment Authority has purchased a stake in a Peruvian thermoelectric power generating company in Lima for $786 million.

The sovereign wealth fund made an announcement on Tuesday that the purchase by its subsidiary Blue Bolt Ltd. represented a 36-percent stake in Fenix Power Peru.

The statement said Fenix Power Peru produces some 10 percent of all energy consumed in the South American nation. It said the Peruvian investment fund SIGMA holds a 13-percent stake in the company.