Energy

Energy companies will be able to absorb earthquake losses - Fitch

Ratings agency Fitch believes that Chilean energy companies will likely be able to absorb losses resulting from the earthquake and tsunami that hit the central-south region of Chile on February 27.
 
Industry profitability ratios, however, may be moderately affected during the next few quarters, the ratings agency said in a research note.
 

Bocamina I thermo plant to remain offline for 60 days following quake

Chilean generator Endesa Chile's 128MW Bocamina I thermo plant will be offline for at least 60 days due to structural damage caused by the February 27 earthquake that rocked central and southern Chile, the generator said in a letter to the country's securities regulator.

Enap has sufficient supply for at least a month - minister

Chile's state oil company Enap has sufficient fuel supply to last through March despite having to shut its Aconcagua and Bío Bío refineries after last week's 8.8 magnitude earthquake, mining minister Santiago González was quoted as saying in local press.

Colbún reports normal operations after earthquake

Chilean generator Colbún suffered only minor damages to its facilities from the massive earthquake that hit Chile last week and expects all repairs to be completed shortly, the company said in a statement to securities regulator SVS.
 

Aconcagua refinery to be back online within 10 days - Enap

Chilean state oil company Enap's Aconcagua refinery should be back in operation within 10 days, but there is still no set timetable for the resumption of service at the Bío Bío refinery, an Enap spokesperson told BNamericas on Thursday.
 

Chilectra receives international help to restore power service

Chilectra receives international help to restore power service

Chilean power distributor Chilectra is bringing in help from affiliate companies in Peru (Edelnor), Brazil (Ampla and Coelce) and Colombia (Codensa) to help continue restoring power service in metropolitan Santiago after a massive earthquake damaged the country's grid late last week.
 

Chilectra to reconnect 30,000 clients today in Santiago

Chilean distributor Chilectra will reconnect 30,000 additional clients on Wednesday to have 93% of its clients in metropolitan Santiago with power service by the end of the day, the company said in a statement.
 

Update on AES Gener's Operations Following Chilean Earthquake

Arlington, VA, March 3, 2010 - The AES Corporation (NYSE: AES) today provided an update on its operations in Chile following the earthquake on February 27, 2010.  AES Gener, a 71 percent owned subsidiary of AES Corporation, continues to meet 100 percent of its current energy obligations in Chile.
 

BNamericas interview on CTV Canada AM

BNamericas energy editor Nathan Crooks was interviewed on CTV's Canada AM about the ongoing relief effort on March 2.
 
Click here to watch the interview.

LNG vessel docks in Quintero after earthquake

The Methane Allison Victoria LNG tanker docked on March 1 at Chile's GNL Quintero LNG regasification plant in central region V, a GNL Quintero spokesperson told BNamericas.
 
Erroneous reports emerged on Monday that operations had been suspended due to damage at the terminal's loading docks after an 8.8-magnitude earthquake hit central and southern Chile.

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