Description

The need to rapidly increase electricity production means that both Argentina and Chile will encounter major power generation issues. Due to funding issues, inconsistent policies, and other project implementation barriers, the programs for power expansion are frequently postponed. Hence, power generation capacity shortfall results in the potential for genset-based electricity production. Cummins and Finning (Caterpillar and Olympian) and the main competitors engaged in the genset markets of Argentina and Chile. Local assemblers such as CETEC and Palmero gained market share as a result of import restrictions and their own production of genset components integrated to imported engines.