The move came through the Enel and Fonds de Solidarité des Travailleurs du Québec acquisition of Hydro Quebec International Latin America. The transaction allows Enel to own, indirectly, a 24.55% stake in Fortuna which operates in Chiriquì province. Fortuna has 300 MW of hydro capacity and generates approximately 30% of the country’s electricity.
Significantly, the deal will give Enel control of the operational management of the power generation plant.
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