SANTIAGO, Oct 28 (Reuters) - Chile’s state oil company ENAP will pick a strategic partner before year end to develop power generation projects that will inject some 1,500 megawatts of electricity into the grid, Chief Executive Marcelo Tokman told Reuters on Wednesday.
Socialist President Michelle Bachelet has tasked ENAP with developing natural gas projects to help ease an energy squeeze and prohibitively high electricity prices in the world’s top copper producer.
“We are within the scheduled deadline to find a partner before year end ... the aim is to participate in the next round of tenders,” Tokman said on the sidelines of a natural gas seminar.
Local media have reported that the likes of Exxon Mobil Corp , Spain’s Gas Natural and Japan’s Mitsui and Mitsubishi are interested in partnering up with ENAP.
The state-owned power company holds 20 percent stake in the GNL Quintero liquefied natural gas regasification terminal located on central Chile’s coastline.
Tokman said ENAP was not considering tapping debt markets in the short term to help finance its $651 million investment plan for 2015. (Reporting by Fabian Cambero; Writing by Anthony Esposito; Editing by Christian Plumb)