Enel Generación Chile S.A., formerly known as Endesa Chile and Empresa Nacional de Electricidad, is the largest

electric Electricity is the set of physical phenomena associated with the presence and motion of matter possessing an electric charge. Electricity is related to magnetism, both being part of the phenomenon of electromagnetism, as described by Maxwel ...

utility In economics, utility is a measure of a certain person's satisfaction from a certain state of the world. Over time, the term has been used with at least two meanings. * In a normative context, utility refers to a goal or objective that we wish ...

company in

Chile Chile, officially the Republic of Chile, is a country in western South America. It is the southernmost country in the world and the closest to Antarctica, stretching along a narrow strip of land between the Andes, Andes Mountains and the Paci ...

. It was created as a subsidiary of the state-owned

CORFO The Production Development Corporation (CORFO, from ) is a Chilean governmental organization that was founded in 1939 by President Pedro Aguirre Cerda to promote economic growth in Chile. Originally, CORFO was responsible for the creation of ...

on 1 December 1943 and was privatized in 1989. As of April 2009, it is owned by Enersis with a 60% stake, which in turn is 61% owned by Endesa International SA, a wholly owned subsidiary of the Spanish

Endesa Endesa, S.A. (, originally an initialism for ''Empresa Nacional de Electricidad, S.A''.) is a Spanish multinational electric utility company, the largest in the country. The firm, a majority-owned subsidiary of the Italian utility company Enel, ...

Group. Besides Chile, the Company has investments in Argentina, Colombia and Peru. It also has unconsolidated equity investments in companies engaged primarily in the electricity generation, transmission and distribution business in Brazil. Endesa Chile owns a 51% stake in the controversial HidroAysén project in Aisén Region, which would build 5

hydropower Hydropower (from Ancient Greek -, "water"), also known as water power or water energy, is the use of falling or fast-running water to Electricity generation, produce electricity or to power machines. This is achieved by energy transformation, ...

dams on two of Chile's largest wild rivers, the

Baker A baker is a tradesperson who baking, bakes and sometimes Sales, sells breads and other products made of flour by using an oven or other concentrated heat source. The place where a baker works is called a bakery. History Ancient histo ...

and the Pascua. As of the 17 December 2009, Jorge Rosenblut has been the President of Endesa. Enel has signed a contract to deliver renewable power to SCM Minera Lumina Copper Chile starting in January 2021.

References

External links

Enel Chile
{{Authority control Companies listed on the Santiago Stock Exchange Companies listed on the New York Stock Exchange Enel Electric power companies of Chile Chilean companies established in 1943 Companies listed on the Madrid Stock Exchange Energy companies established in 1943

See also

References

External links