Endesa (Chile)

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Empresa Nacional de Electricidad S.A.
Type Sociedad Anónima
Traded as BCS: ENDESA
NYSEEOC
BMADXEOC
Industry utilities
Founded 1943
Headquarters Santiago, Chile
Key people

Joaquín Galindo Vélez, (CEO)

Eduardo Escaffi Johnson, (CFO)
Services Electricity generation
Revenue Decrease US$4.5 billion (2011)
Net income Decrease US$858.0 million (2011)
Employees 2,447
Parent Enersis
Website www.endesa.cl

Endesa Chile is the largest electric utility company in Chile. It was created as a subsidiary of the state-owned CORFO in 1 December 1943 and was privatized in 1989. As of April 2009, it is owned by Enersis with a 60% stake, which in turn is 61% owned by Endesa International SA, a wholly owned subsidiary of the Spanish Endesa Group. Besides Chile, the Company has investments in Argentina, Colombia and Peru. It also has unconsolidated equity investments in companies engaged primarily in the electricity generation, transmission and distribution business in Brazil. Endesa Chile owns a 51% stake in the controversial HidroAysén project in Aisén Region, which would build 5 hydropower dams on two of Chile's largest wild rivers, the Baker and the Pascua. As of the 17 December 2009, Jorge Rosenblut has been the President of Endesa.[citation needed]

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