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April 28, 2008 |
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AES GENER: Regulators to Vote on Environmental Study for Plant An AES Gener SA spokesperson told Business News Americas that the firm expects environmental regulators to hold a new vote on the environmental impact study for its 270-megawatt Campiche plant. BNamericas relates that the US$520 million coal-fired plant was designed to generate power for Chile's central grid. It will be built in region V with a desulfurizing plant, anti-particulate filters, and low nitrogen oxide-emitting burners to limit the plant's effect on the local environment. AES Gener presented the study for the coal-fired plant to the regulators in August 2007. According to published reports in Chile, a vote set for April 21 was delayed due to opposition in the Puchuncava municipality. The spokesperson commented to BNamericas, "The regulator sets the schedule for any voting. While the vote was to have taken place on April 21, it was not delayed because of a request by Puchuncava municipality." AES Gener will hold a meeting with local authorities to clarify any doubts about the the Camiche plant, BNamericas states, citing the spokesperson. AES Gener SA is the second-largest electricity generation group in Chile in terms of generating capacity (20% market share) with an installed capacity of 2,428 megawatts. Gener serves both the Central Interconnected System or SIC and the Northern Interconnected System or SING through various subsidiaries and related companies, including affiliate Guacolda and the TermoAndes subsidiary. TermoAndes has a generation capacity of 642.8 megawatts, which while located in Argentina serves Chile's SING via InterAndes transmission line. Gener also participates in electricity generation in Colombia through Chivor hydroelectric plant of 1,000 megawatts, and a 25% participation in Itabo's facilities in the Dominican Republic (432.5 megawatts). Gener is 91.2% owned by AES (IDR rated 'B+' by Fitch). * * * To date, AES Gener carries Moody's Investors Service's Ba2 long- term foreign bank deposit rating with a stable outlook. The firm also carries Standard & Poor's Ratings Services' BB+ long- term foreign issuer credit rating with a positive outlook. |
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