IFC, a member of the World Bank Group has signed an agreement to support the construction of Chile’s La Confluencia hydropower project to help meet the country’s increasing energy needs. This project will provide clean, renewable power and help lower energy prices.

La Confluencia is a 158 megawatt run-of-river hydroelectric power plant to be built in the Tinguiririca valley, about 150 km south of Santiago. It is upstream of the IFC-financed La Higuera hydropower plant project, which is under construction by the same sponsors. As the project’s water inflows are determined primarily by melting snow, La Confluencia is expected to dispatch at full load during the dry season when water levels in the system are below average.

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Posted by rjorr at October 29, 2007 7:16 PM