Regulator Approves Edegel-Etevensa Merger

Peru’s competition and intellectual property regulator, Indecopi, has approved the merger of local electricity generators Edegel and Etevensa. The two energy generators, both controlled by Spanish utility company Endesa, agreed a merger in January to form a new entity with assets worth $1.4 billion. Edegel is the country’s largest private electricity producer; Etevensa is the first combined cycle plant in the country, using natural gas from the Camisea project.