Empresa Nacional de Electricidad: Significant Event
The following excerpt is from the company's SEC filing
In accordance with articles 9 and 10, paragraph 2 of Law 18,045 and the provisions of General Norm N° 30 of the Superintendence, and duly authorized, I hereby inform you of the following significant event:
The Board of Directors of Empresa Nacional de Electricidad S.A. in an ordinary meeting held on March 27, 2014, agreed to authorize the company to:
(i) invest US$ 661.5 million for the construction of the 150 MW Los Condores hydro project, which is located at the VII region of Chile. The Hydro Power plant will use the resources from the Laguna el Maule reservoir. The plant is expected to begin commercial operation in October 2018.
(iv) communicate this Significant event immediately upon assignment of the respective contract to the aforementioned consortium, to act as the main contractor of the project, which occurred on March 31 2014.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
EMPRESA NACIONAL DE ELECTRICIDAD S.A.
/S/ JOAQUÍN GALINDO V.
Joaquín Galindo V.
Chief Executive Officer
Dated: April 1, 2014
The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here.
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