Energia Andina plans $50 million investment in Chile in 2013
Antofagasta Minerals reports that Energia Andina, will invest up to $50 million in the development of its geothermal projects in Chile in 2013. The company is a joint venture between Antofagasta Minerals holding 60% and Australian Origin Energy holding 40%.
Reported by PiensaGeotermia, the Spanish language sister publication of ThinkGeoEnergy, the CEO of Antofagasta Minerals, Diego Hernandez reports that Energia Andina, a JV owned 60% by Antofagasta and 40% by Australian Origin Energy, has invested $40 million this year and plans investments of up to $50 million for 2013.
The company sets high hope in its geothermal investment, despite the risks involved in exploration.