Approved power projects "paralyzed" in Chile

One quarter of the largest projects given environmental approval in Chile since 2010 are paralyzed, according to the Ministry of Environment.

The projects, worth a total of $70.34bn, are mining or electricity initiatives that require an investment of $56.22bn.  

However, 25 per cent, or 38 of the 50 projects have been paralyzed, discarded or involved in legal proceedings, the Ministry's report said.

These works correspond to three energy projects and two mining projects, worth $14.23bn, most of which have been halted due to investor uncertainty.

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