Chile court suspends work on HidroAysen dam project

Mon Jun 20, 2011 11:48am EDT

 SANTIAGO, June 20 (Reuters) - A Chilean court on Monday
ordered ths suspension of work on the recently-approved $3.5
billion HidroAysen hydropower project, which has sparked
massive protests over environmental concerns.
 HidroAysen is a joint venture between leading generator
Endesa Chile END.SN and partner Colbun COL.SN. Colbun's
shares fell as much as 3.5 percent following the ruling before
paring losses to 1.3 percent, while Endesa was down 0.8
percent.
 The appeals court in the southern city of Puerto Montt said
the order was issued following legal injunctions filed by
opponents of the project.
 (Reporting by Erik Lopez)

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