Chile Aims for 1,000 Megawatts of Geothermal Power - 1 views
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Chile Aims for 1,000 Megawatts of Geothermal Power
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"The Chilean government has set its sights on significantly increasing its geothermal energy capacity. The Ministry of Energy recently announced a new contract for the development of 20 areas by 2012. 70 bids from 13 domestic and foreign firms were submitted for the rights to exploit the newly released regions of Rarapacos and Los Ricos. Earlier in the year, Energy Minister Ricardo Raineri announced more than 170 concessions for geothermal energy by 2012. He further specified that these concessions would be supported by US$200 million in funding from the government. The country is striving to increase its geothermal capacity to 1,000 megawatts in order to meet an ever-growing energy demand in a sustainable manner"