Endesa Chile to invest $24 mln in small hydro plant

SANTIAGO | Tue Feb 17, 2009 1:25pm EST

SANTIAGO Feb 17 (Reuters) - Endesa Chile END.SN (EOC.N), the nation's leading electricity generator, said on Tuesday it planned to build a small hydroelectric plant in the south at a cost of some $24 million.

Endesa said it had submitted its environmental plan to authorities for the plant, to be known as Piruquina and with installed capacity of 7.6 megawatts.

The plant will be located in the province of Chiloe, some 1,100 km (684 miles) south of the capital Santiago.

Endesa Chile is a unit of Chile-based regional energy group Enersis ENE.SN (ENI.N), in turn the Latin America investment arm of Spain's Endesa (ELE.MC). (Reporting by Monica Vargas, writing by Pav Jordan; Editing by Marguerita Choy)

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