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Chile's Government Approves US $400 million Capitalization for ENAP

06/08/2018

Chile's Minister of Finance, Felipe Larraín announced the approval of a US $ 400 million capitalization for ENAP, thus fulfilling the commitments of the new Corporate Governance Law and providing a clear signal of support to the state so that it can continue improving the compay's financial situation.

The resources contributed by this capitalization will be used to amortize part of the state debt and to improve the company's financial profile. With this, ENAP will also achieve a wealth of more than US $ 1,200 million, a figure more than 14 times higher than that of 2012, when it was US $83 million.  

Andrés Roccatagliata , general manager of ENAP, said,
"This capitalization is a strong signal of support for ENAP as a key company for Chile's energy development. We thank the Government and we are committed to deploying all our efforts in the financial strengthening of the company and in the development of its Business Plan to make it increasingly competitive and efficient ".

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