|
|
|
|
Search: 
Latin American Herald Tribune
Venezuela Overview
Venezuelan Embassies & Consulates Around The World
Sites/Blogs about Venezuela
Venezuelan Newspapers
Facts about Venezuela
Venezuela Tourism
Embassies in Caracas

Colombia Overview
Colombian Embassies & Consulates Around the World
Government Links
Embassies in Bogota
Media
Sites/Blogs about Colombia
Educational Institutions

Stocks

Commodities
Crude Oil
US Gasoline Prices
Natural Gas
Gold
Silver
Copper

Euro
UK Pound
Australia Dollar
Canada Dollar
Brazil Real
Mexico Peso
India Rupee

Antigua & Barbuda
Aruba
Barbados
Cayman Islands
Cuba
Curacao
Dominica

Grenada
Haiti
Jamaica
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines

Belize
Costa Rica
El Salvador
Honduras
Nicaragua
Panama

Bahamas
Bermuda
Mexico

Argentina
Brazil
Chile
Guyana
Paraguay
Peru
Uruguay

What's New at LAHT?
Follow Us On Facebook
Follow Us On Twitter
Most Viewed on the Web
Popular on Twitter
Receive Our Daily Headlines


  HOME | Chile

Chile to Connect Its 2 Major Power Grids by 2017

SANTIAGO – Chile will complete by 2017 the connection of its two major electric power grids, Energy Minister Maximo Pacheco said Thursday.

The link between the SING network, serving northern Chile, and the SIC grid, which supplies power to the center and south of the country, will materialize through a transmission line now being built by EC-L, a subsidiary of GDF Suez, the minister told a press conference.

Contracts to build two other lines will be awarded in the course of this year, Pacheco said.

“This is tremendous news for our electric power system,” he said. “It’s of enormous value to Chile and will bring a $1.1 billion benefit in the way of lower costs, as well as cleaner and cheaper energy.”

Once the interconnection is complete, according to Pacheco, power customers in the north will receive a rate reduction of $13 per megawatt hour, while those in central and southern regions will save $17 per MWh.

The unification of the system will also boost Chile’s gross domestic product by between $1.5 billion and $1.7 billion a year, Pacheco said.

Chile has some of the highest electricity costs in Latin America, representing a major burden for the mining industry that is the engine of the nation’s economy.

 

Enter your email address to subscribe to free headlines (and great cartoons so every email has a happy ending!) from the Latin American Herald Tribune:

 

Copyright Latin American Herald Tribune - 2005-2019 © All rights reserved