Enel Accelerates Closure of Last Coal-Fired Plant in Chile
May 28 2020 - 2:11AM
Dow Jones News
By Mauro Orru
Enel SpA said Thursday that its subsidiaries Enel Chile SA and
Enel Generacion Chile SA have agreed to accelerate the closure of
the group's last coal-fired plant in Chile, possibly incurring an
impairment of around 790 million euros ($867.7 million).
The Rome-based energy company said Enel Generacion Chile would
request authorizations to cease operations at the Bocamina
coal-fired power plant in Coronel at units Bocamina I and Bocamina
II by Dec. 31, 2020 and May 31, 2022 respectively.
The first unit was previously scheduled to close by the end of
2023, with the second due to cease operations no later than
2040.
Enel said the possible impairment of around EUR790 million which
could be reported in its half-year financial report, would
correspond to the net book value of the two units as well as
dismantling costs.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
May 28, 2020 01:56 ET (05:56 GMT)
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