Enel has acquired an additional 17% stake in Brazilian utility Eletropaulo for $310m from US -based AES. Gener which is building the 531-MW Alto Maipo hydroelectric facilityroughly 30-miles south of Santiago, Chile. Enel recently beat out Spain 's Eletropaulo to acquire a an additional 17% stake in US , US 's largest power distributor. US -based AES said it would exit the Brazilian power distribution business, focus on growing its Brazilian renewables business and would use the money from the sale to pay down debt.
Enel has acquired an additional 17% stake in Brazilian utility Eletropaulo for $310m from US -based AES. Enel recently beat out Spain 's Eletropaulo to acquire a an additional 17% stake in US , US 's largest power distributor. US -based AES said it would exit the Brazilian power distribution business, focus on growing its Brazilian renewables business and would use the money from the sale to pay down debt.