SN Power`s two hydro power plants inaugurated today
26.10.2010 08:00 | pressrelease
Together the two run-of-river hydro power plants “La Higuera and La Confluencia” will contribute with more than 310 MW of clean energy, enough to supply more than 900 thousand Chilean households with renewable electricity.
Chile, October 26th 2010: Energy Ministry, Ricardo Raineri, remarked that “Chile needs to enlarge and diversify its energy matrix in order to continue growing. The launching of La Higuera and La Confluencia run-of river hydro power plants is very relevant because it implies the entrance of a new actor to the energy market, which will help our country to increase its energy generation in a clean, efficient and environmentally friendly way”.
A reduction in Chile`s emissions equal to removing 250 thousand cars
The two hydro power plants will reduce Chile`s CO2 emissions with more than 900 thousand tons per year, equal to removing from circulation more than 250 thousand vehicles.
Chile`s governments’ goal is to reduce emissions by 20% by year 2020.
In March 2006, La Higuera was registered in the Clean Development Mechanism (MDL), becoming the first run-of river hydro power plant in the country and the world’s largest to obtain that status under the Kyoto Protocol.
Combined investment US$ 600 million
La Higuera and La Confluencia have had an investment of more than US$ 600 million.
The two plans are located in the Tinguiririca Valley, Libertador Bernardo O´Higgins Region, Chile.
Jobs and CSR programs to the benefit of thousands of locals
More than 14 thousand people benefited from the construction through direct and indirect jobs, contributing to the regional, local and national development.
The developer and owner of the two plans is Tinguiririca Energía, a Joint venture between Australian Pacific Hydro and Norwegian SN Power.
In 2007 Tinguiririca Energía established the Tinguiririca Participa program. Through this initiative, projects identified by the community in the areas of health, education and community development are funded. 98 projects have so far been funded, to the benefit of the six thousand people that live in proximity of the plants.