News
Sep 07, 2010New Geothermal Concessions in Chile
The Chilean Government has announced 21 new geothermal concessions ranging from the far northern region of Tarapacá to the Lakes district in the centre of the country. Details on the tender process can be downloaded until September 30, 2010 from the Ministry of Energy website through a banner on the main page called "Bases de licitación Geotermia". Reception and review of applications will take place on November 9, 2010 at the offices of the Ministry of Energy.
For more information visit: http://www.minenergia.cl
Background:
As one of the world's most geologically active countries in the world, Chile possesses great untapped geothermal potential. The country's demand for electricity is forecast to grow at 6% per year over the next 15 years. The Chilean Government has committed to having 20% of electricity produced in Chile come from renewable sources by the year 2020. Under this plan, Chile hopes to have 6% of electricity produced in this country come from geothermal sources. At present, there is no geothermal production taking place but several companies such as Magma Energy are at advanced stages of project development and plan to begin production in 2014.
