A new report from the Superintendence of Pensions on the process of withdrawing 10% of the AFP funds states that 6,168,019 requirements have already been completed. The Superintendency's report says that the amounts involved in the transactions amount to $8.23 billion, which represents the sum of payments by all the administrators so far.
Photocure has appointed Genotests, a privately held company founded in 2014 specializing in genetic tests for cancer targeting cancer specialists, as the exclusive distributor of Hexvix in Chile. Under the terms of the agreement, Genotests will fund all costs to secure regulatory approval and the launch and commercialization of Hexvix in Chile. Photocure will manufacture the product and support Genotests with the regulatory file, training and promotional materials.
Ecuador signed a free trade agreement with Chile, replacing a complementary agreement from 2008. The agreement contains 24 chapters, which include agricultural issues, public purchases, market access and electronic commerce. According to the president of Ecuador, Lenín Moreno, the agreement will benefit 710 Ecuadorian companies that export to Chile, where the trade balance is positive. Annually, Ecuador exports $1614 million to that market.
Spain-based renewables developer OPDEnergy has closed an $103 million financing arrangement to support two power projects in Chile. After securing project finance from Japan’s Sumitomo Mitsui Banking Corporation, OPDEnergy will be able to finalise the construction the 50-MW La Estrella wind farm in the O’Higgins region, which up to now bankrolled using its own resources. The fresh funds will also support the launch of the 104.3-MWp Sol de los Andes photovoltaic (PV) project in the Atacama region.
Santiago-based power company AES Gener submitted the environmental impact statement (EIS) for the 863-MW Parque Terra Energia Renovable wind-and-solar hybrid project. According to documents sent to the Chilean environmental evaluation service (SEA), the South American firm plans to invest $750 million in the project through its unit Energia Eolica Paposo SpA. The project is expected to break ground in the second quarter of 2022 with commissioning scheduled to take place during the first half of 2024.