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ENERGY AND MINING

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Embassy of Korea in Chile – Ms. Kleinsy Bonilla, Specialist in Energy and Mining Alcántara 74, las Condes, Santiago – (+56-2) 2228-4214, [email protected]

ENERGY AND MINING

NEWS REPORT

The president of the Council for Infrastructure Public Policies and former Minister of Public Works –MOP- (2000-2002), Carlos Cruz considers that “private resources and the industry of concessions are key to further develop the infrastructure in Chile”. In addition, he sustains that the Chacao Bridge is strategic for Chile as it will expand the territory of the nation 200 km to the west side. Other former Minister (2008-2010) Sergio Bitar who mentioned that

“digital infrastructure and energy should be a priority for the country”, at the same time he emphasized “the need to develop a

“plan for desalinization, otherwise water resources won´t be sufficient neither for consumption nor for mining”. Finally, former minister Hernan de Solminiac (2010-2011) declared that “given the low economic activity we should make progress in the recovery of private investment” particularly in areas such as concessions of hospitals, improving the methodology for evaluation.

Source: http://www.latercera.com/noticia/los-desafios-de-obras-publicas-segun-ex-ministros/

The challenges for infrastructure and public works in Chile, views of former Ministers

Project KELAR, October marks the completion of central turbines ´connection

The KELAR energy generation project (located in the area of Mejillones) will complete its central turbines´ connection to the grid at the end of October. This project was conceived coal based, estimating an investment of US$600 million. In July, the Korean consortiums Kospo and Samsung synchronized its first unit to the Northern Interconnected System (SING). The second turbine was designed operated by gas and the third operated by steam. This thermoelectric project is owned by the Anglo-Australian BHP Billiton, with a capacity of 517 MW. It is expected to start its commercial operation by December 2016.

Source: https://www.df.cl/noticias/empresas/energia/kelar-a-fin-de-mes-culminaria-conexion- de-turbinas-de-central/2016-10-06/203422.html

The project of building the longest bridge of Latin America is making significant progress heading to the completion of the design stage. After two years on the phase of engineering, the works are estimated to begin in 2017. The investment estimated for the project reach the US$ 700 million. The Korean firm Hyundai Constructions has worked closely with the Ministry of Public Works of Chile to define the characteristics, methodology, and materials for the construction. The Chacao Bridge will facilitate access between the continental Chile and Big Island of Chiloe. Possibly adjustments required to the original design would bring the investment plan up to US$ 860 million.

High expectations are hold by the inhabitants of Chiloe, as this project will have an impact on trade, education and health in the island.

Source: http://www.latercera.com/noticia/diseno-del-puente-chacao-90- avance-estaria-listo-diciembre/

Design of the Chacao Bridge shows a 90%

progress and should be ready for December

2016, O ct ober 1s t – 15t h

Embassy of Korea in Chile, 2016 Sources: Various authors, newspapers: El Mercurio, La Tercera,

Diario Financiero. October 01-15, 2016th

Daniele Schillaci, the CEO of an international car producing company, considers that Chile could be a pioneer nation in Latin America in the widespread growth of the use of electric cars. This businessman mentioned as one of the main reasons for his claim, the efforts Chile has placed to decontaminate and apply technology for environmental sustainability. Chile promotes policies to decrease gas emissions and become a regional leader in environmentally friendly practices. Another reason referred was the potential of lithium reserves in the country, which makes Chile an attractive nation for future investment

Source: http://www.latercera.com/noticia/gerente-mundial-nissan-chile-puede-pionero- la-region-los-autos-electricos/

Renowned businessman sustains Chile could be a pioneer for electric car use in Latin America

A recent poll carried out by the Ministry of Energy, shows that wind, solar and hydro power generated electricity are perceived as the most popular sources among Chileans for the region of Aysen. The Ministry is working on the design of an “energy route of action” to be released in the coming December. This information is relevant as the region of Aysen is known for the difficulties to meet its energy needs, particularly due to the complicated access and harsh climatic conditions.

Source: http://www.revistaei.cl/2016/10/07/eolica-solar-e-hidraulica-embalse-las-fuentes- mas-aceptadas-aysen/

The wind, solar and hydro energy sources are the most popular in the Aysen Region of Chile

In 2019 the demand of energy would be exceeded by the offer in nearly 30% according to experts

Slow economic growth and lack of dynamism in the Chilean economy would make the demand of energy to be exceeded by the offer| in 2019, according to experts. The rate demand for electricity has behaved unexpectedly, therefore continues adjustment have been applied towards reduction. In this sense, the National Commission of Energy –CNE has expressed its position to reduce the energy contracts to be awarded through public bids and the following processes.

Source: http://www.economiaynegocios.cl/noticias/noticias.asp?id=297443

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