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MarketScreener Homepage  >  Equities  >  Santiago Stock Exchange  >  Enel Chile S.A.    ENELCHILE   CL0002266774

ENEL CHILE S.A.

(ENELCHILE)
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Enel Accelerates Closure of Last Coal-Fired Plant in Chile

05/28/2020 | 01:57am EST

By Mauro Orru

Enel SpA said Thursday that its subsidiaries Enel Chile SA and Enel Generacion Chile SA have agreed to accelerate the closure of the group's last coal-fired plant in Chile, possibly incurring an impairment of around 790 million euros ($867.7 million).

The Rome-based energy company said Enel Generacion Chile would request authorizations to cease operations at the Bocamina coal-fired power plant in Coronel at units Bocamina I and Bocamina II by Dec. 31, 2020 and May 31, 2022 respectively.

The first unit was previously scheduled to close by the end of 2023, with the second due to cease operations no later than 2040.

Enel said the possible impairment of around EUR790 million which could be reported in its half-year financial report, would correspond to the net book value of the two units as well as dismantling costs.

 

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

 

Stocks mentioned in the article
ChangeLast1st jan.
AT HOME GROUP INC. 1.35% 22.46 Delayed Quote.45.28%
ENEL CHILE S.A. -0.73% 61.05 End-of-day quote.10.60%
ENEL GENERACIÓN CHILE S.A. 0.92% 287.61 End-of-day quote.7.78%
ENEL S.P.A. 0.23% 8.599 Delayed Quote.3.65%
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Financials
Sales 2020 2 610 B 3 615 M 3 615 M
Net income 2020 -122 333 M -169 M -169 M
Net Debt 2020 2 209 B 3 059 M 3 059 M
P/E ratio 2020 -29,6x
Yield 2020 5,46%
Capitalization 4 223 B 5 847 M 5 848 M
EV / Sales 2020 2,46x
EV / Sales 2021 2,46x
Nbr of Employees 2 231
Free-Float 35,9%
Chart ENEL CHILE S.A.
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Enel Chile S.A. Technical Analysis Chart | MarketScreener
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Technical analysis trends ENEL CHILE S.A.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 5
Average target price 77,20 CLP
Last Close Price 61,05 CLP
Spread / Highest target 36,0%
Spread / Average Target 26,5%
Spread / Lowest Target 17,9%
EPS Revisions
Managers and Directors
NameTitle
Paolo Pallotti Chief Executive Officer
Herman Chadwick Piñera Chairman
Giuseppe Turchiarelli Chief Financial Officer & Head-Administration
Pedro Pablo Cabrera Gaete Independent Director
Giulio Fazio Vice Chairman, Head-Legal & Corporate Affairs
Sector and Competitors
1st jan.Capitalization (M$)
ENEL CHILE S.A.10.60%5 847
NEXTERA ENERGY8.94%164 660
ENEL S.P.A.3.65%105 470
IBERDROLA, S.A.0.26%86 944
ORSTED A/S-1.53%83 669
DUKE ENERGY CORPORATION-0.85%66 810