Duke Energy Holdings Corporation (“Duke”) is a publicly-traded, diversified energy company headquartered in Charlotte, North Carolina, U.S., and is the largest North American utility company. Listed on the New York Stock Exchange (NYSE: DUK), Duke is a Fortune 250 company with a market capitalization of US$55.0 billion and an enterprise value of US$98.0 billion. Based on market capitalization, Duke is the world’s largest public utility and has an international presence in Latin America and the Middle East.

The project sponsor is I Squared Capital (ISQ) an independent global infrastructure investment manager focusing on energy, utilities, and transport in North America, Europe, and select high growth economies such as India, China and Latin America. The Firm has a presence in New York, Houston, London, New Delhi, Singapore and Hong Kong. To complement its diversified portfolio of global infrastructure assets, ISQ is forming Orazul Energia Partners LLC based in the Cayman Islands to acquire the non-Brazil DEI assets in Latin America.

The newly created holding company would be owned approximately 26% by IFC-GIF and 74% by ISQ.

This is a Category A investment because of (a) the potentially significant and diverse environmental, social, labor and/or occupational health and safety (E&S) impacts and risks associated with the Portfolio, including potential liabilities, and (b) the inherent risks of an operation of this nature, associated with a diverse portfolio of assets spanning over multiple countries, and likely future expansions and new project developments which could pose significant adverse E&S risks and impacts. Additional information on the Environmental and Social categorization rationale and the main environmental & social risks and impacts of the Project have been discussed in the Environment and Social Review Summary (ESRS) disclosed with this document.