Transelec SA, a Chilean transmission company, is facing a fine close to $9m following last month’s failure in the country’s central SIC power grid that led to a serious blackout, BN Americas reports.

The fine is the equivalent to the one applied to 18 companies following a similar failure that took place last year, says Cristian Jadue of Santander Investment Securities.

Chile’s most recent blackout left 11 million customers without any power, and in some parts of the metropolitan area people had no electricity for up to three hours.

The failure of the power system was found to be the result of a faulty 500 kV generator operated by Transelec.

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