Chile's AES Gener raises cost of Alto Maipo power project

miércoles 17 de agosto de 2016 09:05 GYT
 

SANTIAGO Aug 17 (Reuters) - Chilean energy firm AES Gener said Wednesday that its Alto Maipo hydroelectric project has ran into "certain construction difficulties" and as a result the budgeted cost would rise by between 10 and 20 percent.

Alto Maipo, initially a $2.05 billion project located just outside capital Santiago, is 60 percent owned by AES Gener, with the remainder held by London-listed copper miner Antofagasta .

AEG Gener shares were down around 6 percent on Wednesday morning.

(Reporting by Rosalba O'Brien; Editing by Chizu Nomiyama)