...November 29, 2022 SAO PAULO (S&P Global Ratings) Nov. 29, 2022--S&P Global Ratings said today that Enel Chile S.A.'s (###/Stable/--) recently unveiled 2023-2025 strategic plan will continue focusing on the decarbonization of its portfolio of assets, while the company plans to return its net debt to EBITDA to historical levels of 2.3x-2.5x by 2025. The plan includes aggregate capital expenditures of $1.4 billion on renewables and rebalancing the portfolio to enhance its resiliency amid the currently volatile market. During that period, Enel Chile intends to increase its current installed renewables capacity of 6.6 gigawatts (GW) by 0.9 gigawatts. Moreover, Enel Chile will invest additional $300 million to support grid electrification and performance. The investment plan is in line with our expectations in terms of total amount, timing, and allocation of funds. In addition, the company's sale of its transmission business for $1.35 billion continues to progress as expected, while its public...
