Chile publishes list of 24 power auction bidders

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Friday, October 13, 2017

Chile's energy commission (CNE) has published the list of 24 companies that submitted offers in the country's latest electricity supply auction, the results of which will be announced on November 3.

The auction puts 2,200GWh/y of power supply out to tender, and offers were received until October 11. The winning bidders will be awarded 20-year contracts beginning in 2024.

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Energy minister Andrés Romero said he was very satisfied with the offers presented, which is a sign that the market is "competitive, dynamic and healthy, and in which we will probably have very competitive prices in this auction," according to a CNE press release.

"We want to highlight the fact that the reforms we have carried out in recent years and the work we have done in conjunction with distributors has allowed us to go from a market that had no energy offerings to a competitive market that produces clean energy and which is cheaper every day, and that is good news for Chilean households," he said.

The 24 firms that submitted offers in the auction are Colbún, Acciona, Ibereólica Cabo Leones III, Parque Eólico Cabo Leones, GPG Solar Chile, Parque Eólico Vientos del Pacífico, Fotovoltaíca Norte Grande, Atacama Energy Holdings, Cerro El Plomo, Likana Solar, Enel Generación Chile, Más Energía, Mainco, Hidromaule, Energía Renovable Verano Tres, Rakun, Cox Energía, KDM Energía, Amunche Solar, Besalco Energía Renovable, Atacama Solar, Energías Calbuco, Energía Coyanco and PE Piedra Amarilla.