ENEL GREEN POWER AWARDED MULTI-YEAR CONTRACTS TO SUPPLY ENERGY TO CHILE S REGULATED MARKET

Published on Friday, 29 November 2013

The contracts will allow to sell up to an overall 4,159 GWh at a price of 128 US dollars per MWh.
Following the award, the Enel Green Power Group will construct in Chile three new power plants for an overall capacity equal to 161 MW. The plants will be located in Chile’s Central Region Transmission Network (SIC, from its Spanish acronym).
The construction of the new plants requires an overall investment of approx. 320 million US dollars

Rome – Santiago de Chile, November 29th, 2013 – As part of the Chilean public tender “SIC 2013-01”, the Enel Green Power Group was awarded the right to sign multi-year energy supply contracts with a pool of distribution companies operating in Chile’s regulated electricity market, providing up to 4,159 GWh for the entire duration of the contracts.

The energy supply, at a price of 128 US dollars/MWh, will start during December 2013 and terminate in 2024. Such supply will be secured by an already operating plant and, later on, by three new plants, two solar PVs and one wind farm, that will boast a total installed capacity of 161 MW and will be located in Chile’s Central Region Transmission Network (SIC, from its Spanish acronym).
The new plants will be constructed and enter service by the first half of 2015.

The construction of the three plants requires an overall investments of 320 million US dollars, financed through the Enel Green Power Group’s own sources, in line with the Group’s strategic growth targets, as envisaged by its 2013-2017 Business Plan.

In the Chilean wind sector, Enel Green Power has recently connected to the grid its Talinay wind farm (90 MW) and is completing construction works at its Valle de los Vientos wind farm (90 MW). Last August, Enel Green Power has broken ground at its Taltal wind farm (99 MW). In the geothermal sector, the company is exploring various concessions that have the potential for generating around 100 MW.


Enel Green Power is the Enel Group company fully dedicated to the development and management of renewable energy sources at the international level, with operations in Europe and the Americas. The company generated more than 25 billion kWh in 2012 from water, sun, wind and the Earth’s heat - enough to meet the energy needs of approx. 10 million households and avoid the emission of over 18 million tons of CO2 into the atmosphere. Enel Green Power is a world leader in the sector thanks to its well-balanced generation mix, providing generation volumes well over the sector average. The company has an installed capacity of approximately 8,700 MW from a mix of sources including wind, solar, hydroelectric, geothermal, and biomass. Currently, the company has approximately 740 plants operating in 16 countries in Europe and the Americas.

In Latin America, Enel Green Power currently runs renewable energy plants in Mexico, Costa Rica, Guatemala, Panama, Chile and Brazil, with a total installed capacity of 990 MW as of today. Specifically, in the wind sector the company has 24 MW of installed capacity in Costa Rica, 144 MW in Mexico, where EGP has just started works at its Sureste wind farm (102 MW) and 90 MW installed in Chile, where the company is also constructing two wind farms for an overall 189 MW. The company is also constructing 5 wind farms in Brazil for a total of 283 MW. With its century-long experience in the field of geothermal energy, Enel Green Power is also developing new opportunities in this sector. In Chile, in particular, the company is exploring several concessions with a potential capacity exceeding 100 MW.

 

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Economic | November, 29 2013

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