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 that has a property of electric charge. Electricity is related to magnetism, both being part of the phenomenon of electromagnetism, as described by ...

utility As a topic of economics, utility is used to model worth or value. Its usage has evolved significantly over time. The term was introduced initially as a measure of pleasure or happiness as part of the theory of utilitarianism by moral philosopher ...

company in

Chile Chile, officially the Republic of Chile, is a country in the western part of South America. It is the southernmost country in the world, and the closest to Antarctica, occupying a long and narrow strip of land between the Andes to the east a ...

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

CORFO The Production Development Corporation (CORFO, from es, Corporación de Fomento de la Producción de Chile) is a Chilean governmental organization that was founded in 1939 by President Pedro Aguirre Cerda to promote economic growth in Chile. ...

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 HidroAysén (Pronounced: ) was a controversial megaproject that aimed to build five hydroelectric power plants in Chile's Aysén Region, two on the Baker River and three on the Pascua River (with government subvention included to help relief co ...

project in

Aisén Region Aisén or Aysén may refer to: *Aisén (name), an African name for a boy or a girl Places *Aysén, Chile, a commune in Aysén Province *Aysén Region The Aysén del General Carlos Ibáñez del Campo Region ( es, Región de Aysén, , '), often ...

, which would build 5 hydropower dams on two of Chile's largest wild rivers, the

Baker A baker is a tradesperson who bakes and sometimes 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 history Since grains ha ...

and the Pascua. As of the 17 December 2009,

Jorge Rosenblut Jorge Rosenblut Ratinoff (born 7 July 1952) is a Chilean engineer, academic, businessman, consultant and the former president of ENDESA; the Latin American branch of the Italian-based ENEL Group. Rosenblut is a vocal supporter of the Pacific All ...

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