An 8.2 magnitude earthquake that struck off northern Chile on Tuesday has not shaken Rame Energy's business in the country, the company's CEO told CNBC.
Rame, an independent power producer with significant exposure to Chile, sees the country as a naturally "seismic" area and the latest earthquake, which temporarily put the South American country on tsunami alert, did not affect the business.
"Chile's an incredible seismic country…and as a country it is extremely used to dealing with seismic activity. From our perspective for example, our immediate areas of interest are some 2,000 kilometres away from the earthquake," Tim Adams, CEO of Rame Energy, told CNBC in a TV interview on Friday.
The company began its first day of share dealings on the U.K.'s AIM on Friday to help fund its expansion in Latin America, particularly Chile, where it established an office in 2006.
Rame has a heavy stake in Chile's renewable energy sector. It has been involved in the development of around 23 percent of the country's installed wind power capacity. This exposure has made Adams confident that wind turbines will not be adversely affected by the earthquake.
"Wind turbines are extremely resilient to seismic activity. They endure much higher loads in their normal operating condition than they are actually exposed to by virtue of an earthquake. Some of our earlier projects in Chile experienced 400 earthquakes a year. It is a feature of the Chilean landscape but it is not in any way a significant negative," he said.