Transmisora Eléctrica del Norte (TEN) is the company who is building the Electric Mejillones-Cardones Transmission Line which will connect the electric systems of Norte Grande (SING) and Central (SIC) in Chile.
Its property structure is divided into equal parts between ENGIE Energía Chile, subsidiary of the ENGIE group and Red Eléctrica Chile, subsidiary of Red Eléctrica Internacional.
ENGIE Energía Chile (ex E-CL) is the main generator and electricity transmitter of the Sistema Interconectado del Norte Grande (SING), with almost 50% share of the generation market and 2,168 kilometers of transmission lines. In Chile, it is the fourth generator with installed capacity of 2,040 MW. The Company is amongst the biggest companies in the Santiago Stock Exchange (Bolsa de Valores de Santiago) and forms part of the IPSA index. ENGIE is the controlling shareholder with 52.76% of capital; the remaining percentage is traded in the stock exchange and is distributed between Pension Funds, Institutional Investors and others.
Red Eléctrica Internacional is a subsidiary of the Grupo Red Eléctrica, a holding company whose main activity is the operation and management of electricity transmission lines. The holding Company of the group is Red Eléctrica Corporación, a Company quoted in the Stock Exchange with various subsidiaries, of which Red Eléctrica de España is the main company of the Group. Red Eléctrica de España is the sole transporter and operator of the Spanish electric system, and is also the company responsible for the transport of electric energy and the correct functioning of the Spanish electric system. The company manages and operates more than 42,000 km of high voltage lines with maximum level quality service index. Red Eléctrica Internacional is responsible for the international investment activities of the Group, and has more than 15 years in South America, where it manages 1,200 km of transmission lines in the South of Peru and participates in Chile through the Red Eléctrica Chile, a 100% subsidiary of Red Eléctrica Internacional, where it has a 50% share of the social capital of Transmisora Eléctrica del Norte (TEN).