Chile power sector watch

By
Thursday, January 7, 2016

Rame Energy has announced the sale of its combined 15MW Raki/Huajache on-grid Chile wind projects, in which it has a 20% equity holding.

The sale to InterEnergy Holidings is subject to certain conditions that are due to met by the end of the month, Rame said in a statement. Rame developed the projects from greenfield through to construction and commissioning in the second half of 2015 with Santander Investment Chile.

Start your 15 day free trial now!

cta-arrow

Already a subscriber? Please, login

Rame expects to receive approximately US$4.4mn, which will be used to continue development of its other wind and solar projects in Chile and for general working capital purposes.

***

Grupo CGE-controlled Transnet has put into service the 110kV Copayapu-Galleguillos transmission system (pictured) in northern region Atacama region (III). The system cost 13.35bn pesos (US$18.5mn) and is the first part of a larger US$55mn project.

The system includes a 33km line, 107 towers and the new Cardones and Galleguillos substations in Copiapó, with respective links to the Copiapó and Hernán Fuentes substations.

The infrastructure is intended to improve dispatch to 97,000 clients served by distributor Emelat and provide links for mining or solar projects

***

A group of former AES Gener executives, along with South Andes Capital, is looking to develop a 1,410MW coal-fired plant, 25km north of the coastal town of Caldera in Atacama and near Chañaral, home to national park Pan de Azúcar, local paper Diario Financiero reported.

The Luz de Atacama project has an estimated cost of US$4.2bn and would take eight years to build. If it goes ahead it would be Chile's largest thermoelectric complex, according to the report, which adds that South Andes Capital met energy minister Máximo Pacheco to present the project.

Diario Financiero points out that an informative brochure has been shared with the Caldera community, and that consultancy GeCo (Gestión Comunitaria) – linked to Carlos Abogabir, former public affairs manager at Colbún – was hired for public engagement.

Luz de Atacama would be interested in participating in April's power supply call but should begin environmental permitting before then, according to the daily, which highlights three large-scale thermoelectric projects planned for northern Chile that have failed to materialize: Castilla 2,100MW, Punta Alcalde 750MW and Cruz Grande 300MW.