Chilectra Initiates Power Supply Tender Process

Chilectra Initiates Power Supply Tender Process

April 20, 2006

    SANTIAGO, Chile, April 20 /Xinhua-PRNewswire/ -- With
the publication of its bidding terms and the launch of a
web page especially dedicated to this process, Chilectra,
jointly with Electrica de Puente Alto Ltda., Empresa
Electrica Municipal de Til Til, Empresa Electrica de Colina
Ltda., and Luz Andes Ltda., have initiated the power supply
tender process for the years 2009 through 2020.

    "Our companies concentrate the largest consumption
in the Metropolitan Area, where 40% of the population and
45% of the power consumption of all the distributors in the
country is located. In this context, we trust that this
tender will significantly contribute to enabling the
incorporation of new generation capacity to the Sistema
Interconectado Central (Chile's central grid)," said
Guillermo Perez del Rio, Chilectra's Manager of Regulatory
Matters and Energy Management.

    The tender involves over 40,000 GWh of energy,
equivalent to a transaction valued in excess of $2.3
billion (at current grid-connection prices).

    The executive added, "The power supply
requirements of Til Til, Colina and Luz Andes are
incorporated in the energy and power tendered by Chilectra,
so successful bidders will enter into power supply contracts
with Chilectra and Electrica de Puente Alto."

    Candidates may submit offers for energy and power based
on base and variable supply products, which are awarded
separately. They may also submit offers for supplying one,
several or all the products, partially or wholly.

    The Sole Bidding Point is Polpaico at 220 kV, and,
therefore, all prices offered shall refer to said point.
The Purchase Points, where the power will be supplied,
correspond to the substations of Alto Jahuel, Cerro Navia,
Quillota and Polpaico, all at 220 kV. 

    The bidding terms may be purchased by any Chilean or
foreign legal entity, individually or through a consortium
or association. The price of the bidding terms is
USD$5,000.

    Interested parties should have a credit rating no lower
than B for the past 12 months, or meet the tender
specifications. 

    The bidding terms may be purchased through the
http://www.licitacion.cl web site, as well as from the
Chilectra offices, located at Santa Rosa 76, piso 8,
Santiago, between the hours of 9 AM and 3 PM. 

    For more information, please contact:

     Marcelo Castillo S.,
     Chilectra,
     Tel:    [phone]
     Email:  [e-mail]

SOURCE  Chilectra S.A.