Gas Natural Fenosa planning US$400mn Chile CCGT project

Bnamericas Published: Friday, May 20, 2016
Gas Natural Fenosa planning US$400mn Chile CCGT project

Spain's Gas Natural Fenosa submitted an environmental impact study to Chilean authorities for a US$400mn combined-cycle gas turbine project envisioned for central-southern Biobío region (VIII).

The 600MW thermal plant -Tierra Noble- would feed into Chile's central SIC power grid and be the multinational's first power generation project in Chile since acquiring a controlling stake in local energy holding CGE for US$3.3bn in late 2014.

The proposed project site is outside the town of Cabrero near Concepción bay, the site of the Penco-Lirquén offshore LNG terminal, which is expected to be ready in 2018.

The Gas Natural Fenosa news, first reported by local paper El Mercurio, follows the filing of an EIS in recent days by special-purpose company Inversiones GNL Talcahuano for a second offshore LNG terminal in the bay that would require investment of US$160mn.​

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