Progress with various parties, such as those involved with irrigation in river basins in Chile, has led the utility to drop the suit against the Treasury dept.
Endesa Chile said some agreements have been reached that will enable it to become involved in future in some regulatory committees. It added that its collaborative approach has received cooperation from the general waters authority DGA (Direccion General de Aguas) and the hydraulic works authority (Direccion de Obras Hidraulicas).
The suit against the Government was brought just over a year ago and both parties have agreed to its termination.
More than 70% of the utility’s almost 4.8GW installed generating capacity in Chile is hydro power. Key plants are: Ralco (690MW); Pehuenche (570MW); Pangue (467MW); El Toro (450MW); Rapel (377MW); Anluco (320MW); Abanico (136MW); Curillinque (89MW); Sauzal (76.8MW) and Isla (68MW). The Palmucho plant (32MW) was commissioned just over a year ago.
Better hydrology in Chile in 2008 helped to offset the effects of higher fuel costs elsewhere in the utility’s generation portfolio.
In total, including assets in other Latin American countries, it has installed capacity of 12.7GW.
A key foreign asset is El Chocon scheme (1320MW) in Argentina, which comprises El Chocon (1200MW) and Arroyito (120MW). In 2008, the utility experienced weaker hydrology in the El Chocon area.
In Colombia, the utility’s prime hydro assets are Guavio (1163MW), Betania (540.9MW), Guaca (324.6MW) and Paraiso (276.6MW).
The key asset in Brazil is the Cachoeira Dourada plant (665MW) in Goias, which is held by Endesa Brasil.
Endesa Chile’s main hydro assets in Peru are Huinco (247MW), Chimay (151MW), Matucana (128MW), Callahuanca (80MW) and Moyopampa (65MW).
