PUBLICATION
POWER
Chile Power 2009 POWER Release
November 09, 2009
Chile was considered a world leader for reforming and liberalizing its power sector as early as the 1980s. However, 25 years later, Chile is at a cross- roads in terms of developing future capacity. With an estimated GDP growth rate of 2% to 3% during the current global financial crisis, a highly competitive economy, an established democracy, and a stable macro- economic environment, Chile is considered a premium destination for foreign investment.
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"We expanded our business in West Africa and built our largest mine to date at a time when the markets were risk averse. Being counter-cyclical takes both discipline and guts, but it pays off and we are now reaping the benefits."
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