Iberdrola Sells Hydro to CGE

Spain’s Iberdrola has sold its 95% stake Chilean hydropower unit Iberoamericana de Energia Ibener to Chile’s Compania General de Electricidad, it says, for $281.6m. An additional sale, of a 55% stake in Empresa Electrica Lican to CGE for $16m did not go through because of “external causes,” it says. Ibener operates the 75MW Peuchen and 49MW Mampil dams in Chile.