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AES Gener S.A. Jun 07
Standard & Poors, June 2007
Abstract
Solid investments in Chile; Favorable regulatory framework for power generation in Chile; Long-term power sale contracts with solid offtakers, which provide certain revenue stability; Reliable power supply source during periods of drought, partly offset by its relatively high generation cost because of its thermal profile in a largely hydro system; Strong demand for power and high prices for power generation in Chile; Very good financial performance of its Colombian investment; and Good financial risk profile. Relatively high-cost generator in the Chilean Central Interconnected System (SIC); High natural gas supply shortages in Chile, which affect its power generation cost and the cost of its power purchases; Exposure to a potential combination of drought and natural gas shortages in the SIC; High...
Companies mentioned in this report are: AES Gener S.A.,Indianapolis Power & Light Co.,IPALCO Enterprises Inc.,AES Corp. (The),AES China Generating Co. Ltd.,C.A. La Electricidad De Caracas ,AES Sul Distribuidora Gaucha de Energia S.A.,AES CHIVOR & CIA S.C.A. E.S.P.
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
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