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In recent developments in Chile, Enersis shareholders have rejected Endesa of Spain in its bid to gain control of the holding group, and Duke Energy of the USA has made a bid for control of Endesa Chile. The moves illustrate the enthusiasm that large energy companies still hold for Latin America, but also show that it is still a tough market to crack. Siân Green reports.
Endesa, Iberdrola, Union Fenosa and Hidroelectrica del Cantabrico met with representatives of Nymex and Nord Pool recently to discuss the development of a Spanish power futures exchange in Madrid. Such an exchange is unlikely to be operational next year, according to the electricity association, as the power pool only recently started trading.
Mexico`s Federal Electricity Commission (CFE) has awarded Electricité de France International the contract for the construction and operation of the Rio Bravo power plant in Tamaulipas State. The contract is the latest of ten independent power projects that CFE is planning to tender this year.