Chilean energy holding company Enersis (NYSE: ENI) plans to invest US$10bn from 2008-12 in the five countries in Latin America where it has operations, the company said in a statement.
Enersis will invest US$5.6bn to generate 2.32GW of new capacity of which 1.63GW will be constructed in Chile. The remaining US$4.4bn will go to improve the company's distribution businesses.
"It's one of the most ambitious investment plans we have presented in the last few years," Enersis president Pablo Yrarrázaval said in the statement.
In addition to Chile, Enersis operates in Argentina, Brazil, Colombia and Peru.
Enersis controls Chilean generator Endesa Chile. The holding company is in turn controlled by Spanish power company Endesa.
Publication: Business News Americas - English News
Provider: Business News Americas
Date: April 3, 2008
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