Chile completes auction of 20 geothermal prospects

Chile has completed the successful public auction of 20 areas for the exploitation of geothermal resources, the country's minister of Energy confirmed.

The areas are located in eight regions of the South American nation, mainly in the central part of Chile. The bidding process reportedly saw 70 tenders from a total of 13 companies.

The total investment will be in the region of $250m and covers an area of approximately one million hectares.

The allocation process began back in September 2010.

According to official estimates, Chile has the potential to generate a minimum of 3500 MW of power from geothermal energy.

For more Geothermal news.

For more Latin America news.



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...