CELEPSA Renovables S.A.C agreed to acquire Termochilca S.A.C on January 4, 2023. The total agreed price is $141 million, which will be paid directly by Celepsa with resources from bank financing. The completion of the acquisition is subject to the receipt and acceptance of certain conditions and signature of legal documents. Closing is subject to the authorization of the Peruvian Antitrust Authority (National Institute for the Defense of Competition and Protection of Intellectual Property ? INDECOPI). The Bank of Nova Scotia acted as financial advisor for Termochilca S.A.C. Susan Castillo of Payet, Rey, Cauvi, Pérez Abogados and Gonzalo De Las Casas, José Antonio Jiménez and Daniel Gonzales La Rosa of Rebaza, Alcázar & De Las Casas acted as legal advisors for Termochilca. Diego Peschiera of CMS von Erlach Partners Ltd acted as a legal advisor to Banco de Crédito del Perú (BCP), Scotiabank and COFIDE.

CELEPSA Renovables S.A.C completed the acquisition ofTermochilca S.A.C. for approximately $140 million on January 19, 2023. Ines Baca De La Piedra of Estudio Echecopar a Baker McKenzie firm acted as legal advisor to Celepsa Renovables S.R.L. in the deal.