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| Brief Excerpt: | ...Decarbonization Agreem ent: An agreement betw een Chilean pow er-generation companies and the government puts the country on the path tow ard phasing out coal generation by 2040 w ith a fully decarbonized energy matrix. AES Gener S.A. (BBB¡/Stable) and its subsidiaries Empresa ElTctrica Angamos S.A. (BBB¡/Stable), Empresa ElTctrica Cochrane SpA (BBB¡/Stable) and Guacolda Energia S.A. (BB/Negative) are mainly coal-fired pow er plants. Fitch Ratings believes AES Gener's has limited room to execute a decarbonization strategy w ithout affecting leverage given its current capital structure. This, as Alto Maipo, AES Gener's USD3.0 billion run-of-the-river project, is still under construction and expected to start operating by YE 2021. Well-Positioned GenCos: Engie Energfa Chile S.A.'s (BBB/Positive) installed capacity is concentrated almost exclusively in thermal sources, and coal represents approximately 58%. As the company successfully concluded an intensive investment program w ith Infraestructura... |
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| Report Type: | |
| Company(ies) | Transelec S.A.
, Compania General de Electricidad S.A.
, Enel Generacion Chile S.A.
, Colbun S.A.
, AES ANDES S.A
, Guacolda Energia SPA
, Chilquinta Distribucion S.A.
, Engie Energia Chile SA
, Empresa Electrica Angamos SpA
, Enel Chile SA
, Empresa Electrica Cochrane Spa |
| Ticker(s) | AESGENER
, CGE
, COLBUN
, ECL
, ENELGXCH |
| Issuer | Engie Energia Chile S.A. |
| Format: | | PDF |  |
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