Electricity Tariff Stabilization Liquidity Facility (IDBI-12111-02)

  • Chile
Where the impacts of the investment may be experienced.
Financial Institutions
  • IDB Invest (IDBI)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Aug 25, 2020
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Aela Generacion; AES Gener; Cerro Dominador; Colbun; Chungungo; Empresa Electrica Caren;
The holder of the loan, grant, or other investment.
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 1.08 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IDBI website

Updated in EWS Jul 20, 2020

Disclosed by Bank Jul 16, 2020

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Project Description
<div class="block">This operation (the "Operation" or the "Project") is intended to provide a liquidity facility to a group of companies comprising Aela Generaci&oacute;n S.A.; AES Gener S.A.; Cerro Dominador CSP S.A.; Colb&uacute;n S.A.; Chungungo S.A.; Empresa El&eacute;ctrica Caren S.A.; Empresa El&eacute;ctrica de Panguipulli S.A.; Enel Generaci&oacute;n S.A.; Engie Energ&iacute;a Chile S.A.; E&oacute;lica Monte Redondo S.A.; GM Holdings S.A.; Guacolda Energ&iacute;a S.A.; Norvind S.A.; San Juan S.A.; and Santiago Solar S.A.; (the "Clients" or the "Companies") to counter the repercussions in the economic environment generated by the Tariff Stability Law and the lack of liquidity they are experiencing as a result of the postponement of payment of part of the energy purchase agreement (PPA)&nbsp; price set forth in said law.&nbsp;&nbsp;The funds of the Operation will be used exclusively to acquire receivables associated with the stabilization mechanism established by the aforementioned Law. <div class="intro-frame block-wysiwyg"> <div>&nbsp;</div> </div> </div>
Investment Description
  • IDB Invest (IDBI)
Contact Information

For Project inquiries please contact the Clients:

AELA Generacion S.A.
Nombre: Adrian Ratner
Titulo: Chief Financial Officer
Numero de Telefono: +56 2 2486 2600
Correo Electronico:

AES Gener S.A.; y Guacolda Energia S.A.
Nombre: Felix Gomez
Titulo: Corporate Finance Manager
Numero de Telefono: +56 2 2686 8567
Correo Electronico:

Cerro Dominador CSP S.A.
Nombre: Fernando Gonzalez
Titulo: CEO
Numero de telefono: +1 (202) 600-3372
Correo electronico:

Colbun S.A.
Nombre: Sebastian Moraga
Titulo: Chief Financial Officer
Numero de telefono: +56 2 2460 4020
Correo electronico:

Chungungo S.A.
Nombre: Alfredo Solar
Titulo: Gerente General
Numero de telefono: +56 2 2611 8300
Correo electronico:

Parque Eolico Taltal SpA.; Enel Generacion Chile S.A.; y Enel Green Power Chile S.A.
Nombre: Isabela Klemes
Titulo: Head of Investor Relation Enel Chile Group
Numero de telefono: +56 2 2353 4682
Correo electronico:

Engie Energia Chile S.A.; y Eolica Monte Redondo SpA.
Nombre: Eduardo Milligan
Titulo: CFO
Numero de telefono: +56 2 2353 3275
Correo electronico:

GM Holdings S.A.
Nombre: Angus Blackburn
Titulo: Chief Financial Officer
Numero de telefono: +56 2 2391 1100
Correo electronico:

Empresa Electrica Caren S.A.; San Juan S.A.; y Norvind S.A.
Nombre: Esteban Moraga
Titulo: Chief Financial Officer
Numero de telefono: +56 2 2820 3200
Correo electronico:

Santiago Solar S.A.
Nombre: Ignacio Hernandez Amezquita
Titulo: CFO - AME SpA
Numero de telefono: +56 2 2896 8900
Correo electronico:


The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IIC)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IIC is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to MICI@iadb.org. You can learn more about the MICI and how to file a complaint at http://www.iadb.org/en/mici/mici,1752.html (in English) or http://www.iadb.org/es/mici/mici,1752.html (Spanish).