Endesa (Chile), a subsidiary of the latter whose name was prior to the takeover
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ENDESA continues building roads and related infrastructure in the area to prepare for building Ralco, the second of six planned dams on the Bío-Bío, in the heart of Pehuenche territory.
ENDESA proposes to relocate the Pehuenche to farms in the snow-covered Andean highlands above the dam.
ENDESA and the IFC violated virtually all the main provisions of the operational directive on indigenous peoples in the Pangue-Ralco project, a project that began after it and other relevant operational directives had been in effect for a half-dozen years.
ENDESA's output in the mainland sold in the wholesale market was 38,908 GWh in the first half 2003, approximately the same than in first half 2002.
Regarding ENDESA's asset generation portfolio, is important to highlight that in the first half of 2003 the Tarragona 400 MW combined cycle was completed, as well as Son Reus 70 MW gas turbine that concludes this 226 MW combined cycle in the Balearic Islands.
Moreover, ENDESA significantly strengthened its financial structure through the preferred notes issue of ENDESA Capital Finance LLC for an amount of Euro 1,500 million, resulting in an increase of the minority interests and a decrease of the net debt for the same amount.
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