Grupo Romero, through InfraCorp, its infrastructure investment platform, announced the closing of the acquisition of 100% of the shares of Samay I SA (“Samay”), owner and operator of the Puerto Bravo Thermal Power Plant, a thermoelectric plant with an installed capacity of 724 MW that operates as a cold reserve for the Peruvian electrical system. The plant is located in the Mollendo district, south of Arequipa.
With this strategic acquisition, Grupo Romero marks a new milestone in its business trajectory by expanding and diversifying its investment portfolio by entering the energy sector and positioning itself as a key player in the power generation industry in Peru. The asset will become an integral part of Grupo Romero’s new infrastructure investment platform, InfraCorp, which focuses on managing and developing its infrastructure portfolio in Latin America.
“We look forward to working closely with the Samay team and the local community to ensure a smooth transition and explore opportunities for further expansion and development in the sector,” added Louis-Jean Chartier, CEO of InfraCorp.
Samay was acquired from Inkia Energy, a leading Latin American energy company controlled by I Squared Capital, a leading infraestructure fund.
About Romero Group
The Romero Group is a Peruvian business conglomerate founded more than 135 years ago. It is present in sectors such as financial services, mass consumption, fuel retail, infrastructure, logistics, real estate, agribusiness and fishing. Through its portfolio companies and related parties, the Group operates in 10 countries in Latin America, and is a source of employment for more than 33,000 employees in the region.
About I Squared Capital
I Squared Capital is a global infrastructure fund with more than $37 billion in Assets Under Management focused on investments in North America, Europe, Asia and Latin America. Headquartered in Miami, the firm has more than 215 professionals in its offices in Hong Kong, London, New Delhi, Singapore, Taipei and Sydney. I Squared Capital has invested in a diverse portfolio of 72 companies in 59 countries with more than 27,000 employees in the utilities, energy, digital infrastructure, transportation, environmental infrastructure, and social infrastructure sectors that provide essential services to millions of people around the world.