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Endesa to invest US$3.2bn in LatAm 2005-2009
Bnamericas Published: Tuesday, November 16, 2004
Spanish power company Endesa plans to invest 2.5bn euros (US$3.24bn) in Latin America in the next five years, including 500mn euros in new generation capacity, Endesa said in a presentation Monday. The company's global five-year investment plan is 14.6bn euros, of which Latin America accounts for 17%. Of the Latin American figure, 32% will be invested in Chile, 24% in Argentina, 24% in Brazil, 12% in Peru, and 8% in Colombia. In 2005, the company plans to invest 500mn euros in the region, including 100mn euros in new capacity. Endesa has a 38% share of installed capacity in Chile, 34% in Peru, 21% in Colombia, 19% in Argentina and 4% in Brazil.
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