[에너지신문] 08 December 2015 - Spain's power transmission network operator Red Eléctrica de España (REE) has reached an agreement with the Chilean company E-CL, a subsidiary of ENGIE (52.77% stake), under the terms of which REE will acquire from E-CL a 50% stake in Transmisora Eléctrica del Norte (TEN) for US$218m. REE and E-CL will jointly build and operate the Mejillones-Cardones electricity transmission line project in Chile, which is being carried out by TEN, and which will connect the Sistema Interconectado Central grid (SIC) with the Sistema Interconectado del Norte Grande grid (SING). The US$780m project is expected to be commissioned in the second half of 2017.
This acquisition is in line with REE's 2014-2019 strategy to develop its activities in Latin America; the company is already active in northern Chile and southern Peru and will consolidate its activities in the region.