Andres Gluski: the most expensive energy is the one you don't have.

Author:Hume, David


Electricity generation in Latin America and the Caribbean has more than doubled over the last two decades and perhaps no one's has had a better seat to watch it grow than Andres Gluski.

As president and chief executive officer of AES Corporation, the second-largest energy conglomerate in Latin America, Gluski has played a key role in revving up the power. His Fortune 200 company operates in 28 countries worldwide with a total workforce of 29,000 employees- 8,000 of them in Latin America.

"We are quite unique as a company and we're very excited about the future of power generation in Latin America," Gluski told Latin Trade during an interview at his ample but modest, glass-enclosed office at AES headquarters in Arlington, Virginia, where his uncluttered workspace is a clear reflection of Gluski's unassuming personality.

"We are bullish on Latin America because it's a region that is better governed and in a much-better fiscal situation than in the past," he added. Born in Venezuela but educated in the United States, where he earned a doctorate in international economics at the University of Virginia, Gluski began his career with AES as chief executive officer at AES Gener, the power company's Chilean subsidiary:

He climbed his way up the ladder and was named AES chief operating officer and executive vice president in 2005--a job he held until he took over his current position last year. Prior to joining AES, he served as public finance director during Venezuelan President Carlos Andres Perez's second term.

Soft-spoken and affable, he greets questions on AES's future strategies by grabbing a felt-tipped marker and outlining them on a whiteboard. "One-third of AES operations and profits are in Latin America and our strategy is to focus on our core markets. Going forward we see growth rates of 5 to 6 percent in Latin America," he said.

Since taking the helm of AES, Gluski has been spearheading several major power generation projects in the region.

In Chile, AES has already invested $3 billion and plans to invest $3 billion more over the next three years to build two thermoelectric plants with a joint power generating capacity of 1,000 megawatts.

Also in Chile, AES and its subsidiary Gener have plans to build a $572 million solar farm in the Atacama dessert to supply power to Chile's copper mines, and a 52 megawatt lithium-ion battery facility at its Angamos power plant. Chile's non-conventional renewable energy law...

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