30 September 2005 - An Endesa subsidiary is to invest $50m to develop 30 MW of renewable generation capacity in Chile.
Under Endesa Eco's plans, by 2009 the company will have created 15 MW of wind energy and 15 MW of hydroelectric power.
The company has already started environmental impact studies for one of its first projects. The 9 MW Ojos de Agua hydropower plant will be built in Region VI at a cost of $15m. It is believed that the first wind project to be built will have a capacity of 10 MW and that Endesa will seek partners to complete it.
Endesa Eco's long-term policy is to create similar renewable projects in other Latin American nations where Endesa Chile operates.