Chile prepares pilot marine energy project - report
Aug 17, 2012 - Chile's government prepares a pilot marine energy project that will be developed with support from the Inter-American Development Bank (IADB), Walter Vergara, manager of IADB's sustainable energy and climate change unit, told Chilean daily El Mercurio.
The facility will cost between USD 5 million (EUR 4m) and USD 10 million and could start operations in 2014. Its location is not yet determined, but the Strait of Magellan and the Chacao Channel are seen as the optimal areas, the daily reported.
Besides the government and IADB, Vergara expects that the private sector will also participate in the financing.
Chile's marine energy potential exceeds 200 GW, he said.
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