Chile starts to flow electricity to Argentina for first time
SANTIAGO - - Chile begun selling electricity to neighboring Argentina for the first time ever on Friday, said local power producer AES Gener SA, which owns the transmission line used for the transfer.
Last June, Chile's government authorized AES Gener, a local unit of U.S. power group AES Corp, to transfer electricity back and forth with neighboring Argentina through one of its transmission lines.
AES Gener said integrating the power grids in Chile and Argentina will improve energy safety and optimize operating costs on both sides of the Andes.
Argentine president Mauricio Macri has said he wants to build new Pacific trade links in energy supply as he seeks improved relations with Chile.
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LOS ANGELES - Capacity utilisation levels of coal-based power plants improved in May because of rising demand and lower generation from hydroelectric sources. The plant load factor (PLF) of thermal power plants went up to 65.3% in the month, 1.7 percentage points higher than the year-ago period.
While PLFs of central and state government-owned plants were 75.5% and 64.5%, respectively, the same for independent power producers (IPPs) stood at 57.8%. Though PLFs of IPPs were higher than May 2017 levels, it failed to cross the 60% mark, which eases debt servicing capabilities of power generation assets.
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