Ruben Alvarado's questions to Enel Chile SA (ENIC) leadership • Q1 2025
Question
Ruben Alvarado of BICE Inversiones asked for details on an insurance recovery, which regulated contracts expired in 2024, and the reason for a decline in Enel's renewable generation while system-wide renewables grew.
Answer
CFO Simone Conticelli explained the insurance recovery relates to a comprehensive third-party policy. CEO Giuseppe Turchiarelli specified the expired PPAs were from 2008 and 2013 tenders priced above $100/MWh. He attributed the lower renewable output to maintenance at two solar plants and reduced hydro generation.