Despite plans by its future parent to divest much of its Latin American portfolio, Minneapolis- based NRG Energy remains on the lookout for acquisitions in the region. The IPP is on the hunt for hydroelectric and gas-fired plants to increase its exposure in the region and take advantage of low asset valuations, according to an NRG official. "We are looking for assets throughout all of Latin America, but the hottest area is Brazil, so we have been focusing on this country in particular," he explains.
April 28, 2002