June 14 (Renewables Now) - Statkraft AS announced Thursday it will begin the construction of its 51.6-MW Los Lagos hydropower plant (HPP) in Chile in August 2019.
The Norwegian state-owned utility also said it was eyeing wind and solar opportunities in a bid to boost its position in the Chilean market. Its strategy will include possible participation in the country’s renewable energy auctions.
Set to be built on the Pilmaiquen river, the Los Lagos project will require a total investment of around USD 204 million (EUR 181.1m). A consortium consisting of Chilean construction companies Obechile SA, Constructora Valko SA and Empresa Constructora Brotec SA has been awarded a contract to carry out civil works. Germany’s Voith will supply the electro- and hydro-mechanical equipment.
Statkraft expects to complete the Los Lagos project in the second half of 2022. Once fully up and running, the hydropower plant will produce 260 GWh annually.
Operating in Chile since 2014, the Norwegian company produces 1,188 GWh per year on a 370-MW capacity it currently owns in the South American country.
(USD 1.0 = EUR 0.89)