Chile power tender attracts 24 bidders.

Andres Romero. Courtesy of CNE.

Power sector regulator CNE has confirmed 24 bids were received in this years’ Supply Bid process, which offered 2,200 GWh / year. 10 of the bids represented solar and wind projects. This representes a significant decline in the amount of bids from last year, when 84 companies registered, resulting in low average prices of $47 per MWh.

Commenting on this years tender, the Executive Secretary of the National Energy Commission, Andrés Romero said: “we have 24 bids presented for our bidding process, which augurs that we have a competitive market , dynamic, healthy, where we are likely to have very competitive prices for this tender. We want to point out that the reforms we have made in recent years and working together with the distributors have allowed us to move from a market that did not offer energy to a competitive market, which offers clean, therefore, they are good news for the Chilean families “.

Executive Director of the Association of Electric Companies AG, Rodrigo Castillo, added that “we are extremely pleased with this new bidding process. A few years ago, for volumes of energy that could be even more attractive than those now being demanded we had very little or no supply. In time, what we have seen is a new market, booming, full of new players, and having received 24 offers for this volume of energy probably represents many times the amount of energy demanded is a reason for great satisfaction. The most important thing is to be able to transfer to our customers the most efficient prices possible and that is what has been achieved precisely with the reforms that were made to the bidding system and which is once again proving that Chile is probably still one of the most attractive in the world to invest in energy. “

Among renewable energy bidders are Spain’s Ibereolica, Gas Natural Fenosa – through its renewable energy unit GPG – and Solarpack, Italy’s Enel, and the US’s Solar Reserve and JP Morgan through its global renewable energy joint-venture Sonnedix.

Officials will qualify the bids by 19 October. After the qualification, bidders can improve proposals through to 30 October and the government expects to announce the tender results on 2 November.

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