June 20, 2011 / 3:52 PM / 8 years ago

Chile court suspends work on HidroAysen dam project

 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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