Chile's Colbún advances project portfolio

Monday, May 5, 2014

Chilean generator Colbún looks to move forward this year with its growth plan that includes two hydroelectric plants and expansion of a thermoelectric complex.

The company plans to inform authorities this half of modifications to 144MW hydro project San Pedro. Community socialization of the modified project is scheduled for 2H14.

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Information from the power producer also highlights that offers for the civil works and hydromechanical equipment of 34MW hydro La Mina are under review.

And analysis is underway of the technical, environmental, social and financial aspects for a 350MW second unit at the Santa María coal plant.

The generator completed in April operations startup of 316MW hydro Angostura. The company bills the complex as the largest hydroelectric plant built in Chile in the last 10 years, and that under normal hydrological conditions accounts for approximately 3% of demand on the central SIC grid.

Colbún also participates in development of the controversial 2.75GW Hidroaysén project.

The company is the second largest generator on the SIC with 3.28GW installed capacity (52% thermo, 48% hydro) spread over 23 plants.

Colbún's first quarter energy sales rose 5% year-on-year to 3.2TWh, generation grew 7% to 3.3TWh and net profit increased 111% to US$51.5mn.