ENEL & ENAP to build Chile’s 1st geothermal plant
The project of Cerro Pabellon will generate 50MW and will require an investment of USD $180 million and is expected to be operative in late 2016.
Following earlier news about a PPA signed between ENEL and Endesa in Chile, news now surface that ENEL and ENAP will partner to build the first geothermal power plant in the country, the long awaited Cerro Pabellon project.
According to Fox News Latino, “The 50 MW Cerro Pabellon project, which will produce electricity from volcanic steam, will entail an investment outlay of roughly $180 million and enter into operation in late 2016. Construction of the plant will take between 16 and 17 months and can begin now that the definitive contract has been signed.”
ENEL has the majority stake in the project, with 51% of it and ENAP owning the reminder 49%.
Source: Fox News Latino