Ibener comes with 140 megawatts of installed hydroelectric-generating capacity in the form of two river hydroelectric power plants, and makes for an "excellent addition to our existing South American hydroelectric power plants," according to Duke, which says it is also considering making additional growth projects in Latin American countries.
Duke expects to borrow about half the purchase price. Shares of the company are down 0.4% at $64.31 on the news.
The article Duke Energy Buys Chilean Hydro Power Company originally appeared on Fool.com.Fool contributor Rich Smith has no positions in the stocks mentioned above. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.