Sempra Energy has received the necessary authorizations to move forward with the sale of its equity interests in its Peruvian businesses to China Yangtze Power, as previously announced.
The transaction, which includes the sale of Sempra Energy's 83.6 percent stake in Luz del Sur; Tecsur, which provides electric construction and infrastructure services to Luz del Sur; and Inland Energy, Luz del Sur's generation business, will fetch $3.59 billion in cash proceeds. Luz del Sur serves the southern region of Lima, Peru, and is the largest electric company in the country.
“Receiving all required governmental authorizations for the sale of our Peruvian businesses is another important step in strengthening Sempra Energy's strategic mission to be North America's premier energy infrastructure company,” said Dennis Arriola, executive vice president and group president of Sempr
