Empresa Eléctrica Guacolda S.A. ("Guacolda") owns and operates a 608 MW coal-fired power generation facility in northern Chile that is in the process of being expanded to 760 MW by the end of 2015. Guacolda is among the largest and most efficient coal-fired generating facilities in Chile, with three of its five generating units less than six years old (including the new fifth unit which is scheduled to commence operations by the end of 2015). Guacolda sells the majority of its output to industrial and electric distribution customers under long-term power procurement agreements.
In 2014, GIP acquired a 49.9% interest in Guacolda from AES Gener S.A. ("AES Gener"). AES Gener is the Chilean subsidiary of AES Corporation, a diversified global power company based in Arlington, Virginia.View Next Investment