Transelec to invest US$1.1bil before 2013

Transelec of Chile has announced investment of US$1.1bil up to 2012. The firm, controlled by Canada's Brookfield Asset Management, will split this five-year plan as follows, according to general director Andres Kuhlmann: US$500mil in trunk systems, US$240mil in sub-transmission and US$360mil in other systems such as energy injections for big (mining or electricity-generating) companies (Transelec already does business with Endesa, AES Gener and Carmen de Andacollo among others).

Publication: SABI - Business News
Provider: South American Business Information
Date: March 12, 2008