Enel Latin America, LLC (ELA) is a renewable power company focused on hydro, wind and geothermal electric generation, with operations in Latin America. ELA is a subsidiary of Enel S.p.A since June 2001.
ELA owns and operates power plants in Brazil, Chile, Costa Rica, El Salvador, Guatemala and Panama, with a total share capacity of 383MW. ELA maintains a high profile in the Latin American market, operating eight hydroelectric plants (266.3MW), eleven mini hydro plants (96.7MW) and a wind farm (20MW). Currently the company is going through a significant growth by investing in new generation plants.
In late 1996 and 1997 two hydroelectric power plants in Costa Rica were constructed and placed into commercial operation: Don Pedro (14MW) and Río Volcán (17MW); later in 1998, also in Costa Rica, the construction of a 20MW wind farm started, “Molinos del Viento del Arenal”, which began operating in mid 1999. Between the years 2000 and 2003 ELA constructed and started operations of its two hydroelectric power plants in Guatemala: “Matanzas” and “El Canada”; and between 2000 and 2002 purchased two operating hydroelectric plants in Chile; on April 2006 Enel and its partner LaGeo have been given the green light by the Nicaraguan government for the joint exploration activity of two geothermal areas located in Managua-Chiltepe and El Hoyo Montegalán. On August 2006 Enel has acquired 100% of Hydro Quebec International Latin America Ltd. (HQILA), through its Dutch subsidiary Enel Investment Holding, from Hydro Quebec International Inc. and Fonds de Solidarité des Travailleurs du Québec. The transaction allows Enel to own, indirectly, a 24.55% stake in EGE Fortuna S.A. (Fortuna), a Panamanian hydro generation company; on October 2006 Enel Brasil Partecipações, a Brazilian subsidiary of Enel Latin America, has completed the acquisition from Empresa de Electricidade Vale Paranapanema S.A., from Rede Empresas de Energia Eléctrica SA, its subsidiaries Rede Power do Brasil SA and Tocantins Energia SA, and others minority shareholders, of the entire share capital of 10 companies in the Rede Group that hold generating assets and concessions for 20 mini-hydro plants with a total installed capacity of 92 MW. Finally 2007 the “Montecristo” hydroelectric plant with 13MW will start operations in Guatemala.
The company plans to support the increasing energy demand of the Latin American market and seize the opportunities arising from the Kyoto Protocol with a campaign of clean energy investment in the region.
Our Mission
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We aim to be the most efficient market driven, quality focused provider of renewable energy, creating value for our customers, shareholders and people. |
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