Chile’s AES Gener is seeking acquisition opportunities in its local market and also in Colombia.

In an interview with Reuters, Luis Felipe Ceron, the head of the Chilean power generator, confirmed that Chile and Colombia were the target markets, and that AES Gener were exploring opportunities to buy assets, such as taking an equity stake in Isagen, one of Colombia’s main power generators.

Currently, AES Gener is developing four projects in Chile and Colombia, which represent an investment of $4bn up to 2018.

Ceron also confirmed the company was working with the governments of Santiago (Chile) and Buenos Aires (Argentina) to allow the use of a transmission line, with a capacity of 250 MW, linking the north of both countries.

This would be particularly beneficial for Argentina as it continues to face electricity supply issues.

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