Abu Dhabi investment fund's subsidiary buys into Peru energy

AP News
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Posted: Feb 16, 2016 9:22 AM

DUBAI, United Arab Emirates (AP) — A subsidiary of the Abu Dhabi Investment Authority has purchased a stake in a Peruvian thermoelectric power generating company in Lima.

The Trade and Investment Office of Peru in the United Arab Emirates announced Tuesday that the purchase by the sovereign wealth fund's subsidiary Blue Bolt Ltd. represents a 36-percent stake in Fenix Power Peru.

The statement said Fenix Power Peru produces some 10 percent of all energy consumed in the South American nation. It said the Peruvian investment fund SIGMA holds a 13-percent stake in the company.

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The story has been corrected to show that the Trade and Investment Office of Peru in the United Arab Emirates made the announcement, not the Abu Dhabi Investment Authority.