Stories for June 9th 2007
Enersis, a subsidiary of the Chile's energy giant Endesa, will provide GasAtacama with 20 million US dollars needed to save the electricity supplier from imminent bankruptcy.
Lacking a steady supply of natural gas from Argentina, GasAtacama has had to burn expensive diesel to generate electricity. It is thus incurring losses each day it continues to operate.
Despite recent conciliatory gestures between the presidents of Brazil and Venezuela, Brazil's Senate has shown a new determination to block full membership for Venezuela in Mercosur as part of the fallout from the revocation of Radio Caracas TV's license.