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Sempra Energy has agreed to sell its equity interests in its Peruvian businesses, including its 83.6% stake in the power distribution company Luz del Sur, to China Yangtze Power Co. (CYPC), a subsidiary of China Three Gorges Power Corporation (CTGPC) for US$3.6bn in cash. The sale includes Luz del Sur, Tecsur (electric construction and infrastructure services) and Inland Energy (Luz del Sur’s generation business). The sale is expected to be completed in the first quarter of 2020, subject to customary closing conditions, including approval by the Peruvian anti-trust authority and the Bermuda Monetary Authority.

Luz del Sur (LDS) is the largest listed power company in Peru. As a distribution company, LDS distributes around 9.1 TWh/year of electricity (around 29% of the domestic  market) to around 1.13 million customers in the Lima region. LDS also owns 100 MW of hydropower capacity (Santa Teresa hydropower plant) and plans to add 704 MW of hydropower projects (including 268 MW at the Santa Teresa plant). CTGPC is already active in Peru through Empresa de Generación Huallaga, which operates the 460 MW Chaglla hydropower plant (commissioned in 2016). The group expects the acquisition to create synergies with its operations.

In November 2016, China and Peru entered into the Memorandum of the Mechanism for Development and Collaboration of the Energy Sector and CTGPC signed a Memorandum of Understanding for Enhancing Cooperation in the Energy Sector with the Ministry of Energy and Mines of Peru.

Mexico’s Ministry of Environment and Natural Resources published a regulation setting the basis for an emission trading scheme (ETS), which is expected to start in January 2020. The 3-years pilot project will apply to companies in the energy and industrial sectors accounting for more than 90% of Mexico’s CO2 emissions, including the hydrocarbon industry and power generation. …

The government of India is considering privatising Bharat Petroleum Corporation Ltd (BPCL), the second largest oil refining and fuel retailing company in the country, in which the state owns a 53.3% stake. BPCL operates four refineries at Mumbai, Kochi (Kerala), Bina (Madhya Pradesh) and Numaligarh (Assam).

The National Agency of Petroleum, Natural Gas and Biofuels (ANP) of Brazil has approved 14 companies to participate in an offshore oil biding round on 6 November 2019.

The Chinese groups GD Power (China Guodian) and China Shenhua Energy have set up a joint venture to gather their coal-fired power plants.

EDF Energy has stopped operations at its 2 GW Cottam coal-fired power plant in North Nottinghamshire (United Kingdom). The closure was announced in early 2019, due to the challenging market conditions over the last few years that made the power plant no longer economically viable and the context of the global drive to decarbonise power generation. …

The Industrial Estate Authority of Thailand (IEAT) has signed a 30-year public private partnership (PPP) contract with Gulf MTP LNG terminal Company, a joint venture of Thailand state-owned oil and gas corporation PTT (30%) and Gulf Energy Development (70%) to develop the phase III of the Map Ta Phut LNG import terminal, for a total investment of THB40.9bn (US$1.3bn).

Dogger Bank Wind Farms, a 50:50 joint venture of SSE Renewables and Equinor, has selected GE Renewable Energy as its preferred turbine supplier for the Dogger Bank offshore wind project under development of the Yorkshire coast in the United Kingdom.