Duke Energy Sells Bolivia Assets to Econergy

US utility company Duke Energy has sold its Bolivian assets, which comprise a 50% stake in a hydroelectric dam, to Econergy International of the US for $20 million. The Corani dam is situated near the country’s third-largest city Cochabamba. Meanwhile, Econergy has announced that it has entered the Chilean market via a joint venture with local firm AMH. The companies will invest around $32 million to build a new hydroelectric facility on the Laja river with a 25-megawatt installed capacity. The plant is expected to be operational by 2008.