Role and Challenges of Enap Discussed by CEO Tokman

Role And Challenges of Enap Discussed by CEO Tokman

ENAP’s CEO, Marcelo Tokman, participated as the main speaker for the Round Table on Energy in Chile, organized by the Institute of the Americas.

On the occasion, Marcelo Tokman referred to ENAP’s role and its part in the energy Agenda launched by President Bachelet last May 15. He recalled the support provided by ENAP during the perfect storm in 2008, as a result of drought and gas shortages from Argentina, occasion in which the company learned many lessons and became stronger. In this regard, he mentioned the implementation of the new commercial policy, risks coverage, the company’s organizational restructuring, the sale of assets and the closure of plants with negative results.

In terms of its future challenge, the CEO explained the role the company will have on the Energy Agenda, and to achieve this, it will be capitalized in the amount of US$400 million and will modernize its corporate governance. Also, the compensatory mechanisms for the gas supply in Magallanes will continue. He stressed the importance of having a secure energy supply, a larger share of LNG in power generation, and that ENAP will continue improving security in all its operations.

The event consisted of several panels, where different instances of dialogue were analyzed between the Government, NGOs and the private sector, encouraging competition in the market of power generation and the use of the Liquefied Natural Gas (LNG) and coal in the country’s energy mix.

The Institute of the Americas was created in 1983 on the initiative of the Gildred Foundation and the University of California San Diego (UCSD), and is recognized as a leading institution in the cooperation between the United States and Latin America.

In more than 30 years of history, this organization has brought together business and government leaders and representatives of the civil society in forums designed to seek mutual collaboration among public and private entities, which includes different programs in energy and technology in several countries.

Press Release, June 26, 2014