Energy industry

Monday, September 28, 2015

The Latin American energy industry comprises both local and foreign players.

Local energy-industry companies include state firms such as Chile's Enap and Mexico's Pemex and private companies such as Colbún and Queiroz Galvão.

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Many overseas firms either operate directly in Latin America or have regional subsidiaries. These include Spain's Abengoa, Australia's Pacific Hydro and State Grid Corporation of China.

The region's energy industry is also diversifying, as countries work to reduce dependency on fossil fuel-fired generation.

This has attracted new energy industry players of varying sizes and profiles to the region, such as developers, manufacturers, engineers and consultants specializing in areas including solar and wind. Among these are Italy's Enel Green Power, which is involved in solar and wind plants in countries including Peru and Brazil.

Furthermore, energy reform in Mexico, for example, has opened the door to private-sector involvement in the country. Companies are taking up opportunities in areas such as natural gas pipeline construction and operation and power generation.

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