Today, TECO Energy closed on the previously announced sale of its remaining assets and operations in Guatemala, ending our foreign investment. This transaction allows our company to focus on our strategic core – the domestic electric and gas utilities.
TECO Guatemala sold the San Jose Power Station, port facilities and other support operations to C.F. Financeco Ltd. for $213.5 million. These were the remaining assets and operations after the company closed the sale of the Alborada Power Station in September 2012 and sold off its electric distribution system in October 2010.
TECO Guatemala built the oil-fired Alborada Power Station in 1995, helping electrify the Central American country. The company built the San Jose Power Station, the first coal-fired plant in Central America, in 2000.