Conduit Capital Partners LLC, a private equity investment firm focused on energy infrastructure investment in Latin America and the Caribbean, will sell its remaining interest in the Peruvian pipeline project Gasoducto Andina del Sur (known as “Kuntur”) to Odebrecht, the Brazilian construction conglomerate.
The project consists of an integrated 1,100-km gas pipeline that will transport natural gas from the Camisea fields to the southern region of Peru.
Conduit made its initial investment in the Kuntur project in 2008 when it was awarded a 30-year concession contract by Peru to build the pipeline that will carry attractively priced, natural gas from the Camisea gas fields to the port of Ilo in Southern Peru. Since that time, Conduit has worked with its local management team and the Peruvian government to fully develop the project, conducting extensive environmental studies and community outreach, and developing detailed engineering and financial structuring plans. In 2011, Odebrecht became a partner in the project.