A total of 26,000 loans have been granted by BancoEstado under the Fogape Reactiva program, equivalent to Ch$170 billion ($236.4 million), aimed at supporting economic reactivation and recovery. The program is aimed at individuals or legal entities that are entrepreneurs or companies and whose annual net sales do not exceed UF1,000,000 (Ch$40.85 million).
Chile plans to begin a competitive process within a month to award $50 million in subsidies for green-hydrogen projects as the biggest copper-producing nation strives to become carbon neutral. The Energy and Mining Ministry has identified about 40 projects in industries including mining and infrastructure and has received considerable interest from local and overseas groups. Funds would be awarded later in the year.
The Ministry of Public Works (MOP) awarded the bid for the second concession of Route 5 in the Talca-Chillán section to the CRCC consortium, formed by CRCC International Investment Co. Ltd. and China Railway Construction Corporation (International) Limited. The Chinese consortium will invest more than $800 million in the project.The MOP stated that the Chinese consortium presented the best offer in a bidding process in which Sacyr Concesiones Chile SPA and the CINTRA-Intervial consortium also participated.
Engie Energia Chile has $903.6 million of debt, up from $851.2 million a year ago. However, it does have $235.3 million in cash offsetting this, leading to net debt of about $668.3 million. The most recent balance sheet also shows that Engie Energia Chile had liabilities of $323.5 million falling due within a year, and liabilities of $1.23 billion due beyond that. Offsetting this, it had $235.3 million in cash and $124.4 million in receivables that were due within 12 months. So its liabilities outweigh the sum of its cash and (near-term) receivables by $1.19 billion.
The Association of Metallurgical and Metalworking Industries (Asimet) reported that the sector recorded a drop in production levels of 8.3% in January, as opposed to the same period of 2020, when the industry reported a growth of 8.5%. Considering this result, the moving average of the last twelve months records a 5.1% plunge.