CANELA, Chile, Dec 6, Endesa Chile, the nation's largest electricity generator, plans to invest $1.2 billion through 2011 to build hydroelectric plants to feed the country's ravenous energy needs, the company said on Thursday.Endesa Chile President Mario Valcarce said the investment would be part of a broader five-year plan to invest $2.5 billion in Chile's electrical sector, including thermoelectric and alternative sources of energy.
"Looking toward the next five years, Endesa is going to invest about $2.5 billion in Chile projects," Valcarce said after inaugurating a wind-generation plant in the northern Chilean town of Canela.
"Of those, $1.2 billion will go to additional hydro projects that we are building."
Valcarce said that figure did not include the $4 billion Hidroaysen project that is being planned by Endesa and generator Colbun COL.SN. (Reporting by Monica Vargas, editing by Gerald E. McCormick)
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