Enap rules out restart of geothermal project near El Tatio - report
(ADPnews) - Oct 8, 2010 - Chile's state-owned oil company Enap does not plan to resume the geothermal exploration project in the area of the El Tatio geysers, local daily El Mercurio reported, citing sources from the company.
The information came as response to Chile's president Sebastian Pinera announcing earlier this week that El Tatio will become a protected area.
The said geothermal project was suspended a year ago after a steam leak. It was developed by local geothermal firm Geotermica del Norte, a joint venture of Enap and Italian power group Enel (BIT:ENEL).
While Enap has ruled out the project's restart, Enel, in turn, has not abandoned the initiative yet.
A decision whether to resume the project or not will be taken in January 2011 based on certain studies, sources close to Enel in Chile told Mercurio.
Diana Hristova is our expert for Latin America. She has spent several years following the diverse industries in the region, the energy sector most of all. Now Diana is exploring Latin America’s huge wind, solar, geothermal and hydropower potential.