Empresa Electrica San Juan

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Empresa Electrica San Juan SA is an electricity utility that operates generation, transmission, and distribution facilities of the San Juan Province. The company supplies energy to about 130,000 customers, meeting a demand for 514 GWh in 1996. Empresa Electrica San Juan was privatized in January 1996 when a consortium led by Chilean Emec and Chilgener paid $63.3 million for a 90% equity stake of Empresa Electrica San Juan SA. The winning consortium was awarded with a 50-year concession for the distribution and generation of electricity in the province of San Juan. In Nov. 1999, Gener agreed to sell all its equity participation in the project to Emec for US$ 20.8 million. In 1999, the company invested US$ 13.9 million, while in 2000, the company invested US$ 11 million to increase its power distribution capacity. As of 2006, Energia San Juan S.A. was controlled by Agua Negra S.A. which was ultimately controlled by Compania General de Electricidad. In 2006, Energia San Juan S.A. invested approximately 4 million on its facilities and had 171,000 users.