Chile's MBI to invest $600m in energy projects

Chilean fund MBI Inversiones, together with engineering firm Imelsa, has said it will invest about $600m in energy projects within the country in the next five years.

Solar photovoltaic (PV) power plants are part of the two companies' plans, as this energy source is increasingly important to Chile's electricity matrix.

MBI partner Karin Küllmer told local newspaper El Mercurio that "we will be operating at least 100 MW within one year".

MBI and Imelsa have presented an Environmental Impact Statement for a 49 MW PV project to be developed in Illapel, northern Chile. The project is set to cost $90m.  

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