Chilean business conglomerate Grupo Penta has paid close to $9.6m for a 15 per cent stake in local utility Energia Latina, also known as Enlasa, its president, Fernando del Sol, has confirmed.

The deal comes after a decision by one of Enlasa’s shareholders, Inversiones Baco, to sell off its 25 per cent stake in the utility for $16m, according to reports.

Enlasa currently manages four diesel-fuelled thermoelectric plants, which supply electricity to Chile’s central interconnected electricity system (SIC).

They are the 60 MW San Lorenzo, the 90 MW El Penon, the 65 MW Teno and the 90 MW Trapen, SeeNews Latin America said.

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