Spain’s Endesa has put the recent cancellation of its controversial HidroAysen project in Chile behind it, and is set to start the civil works of the 150 MW Las Condores hydroelectricity station this month.
The hydroelectric plant is expected to require an investment of $600m. In March, Endesa increased the funding of the project via a loan worth $661.5m.
Las Condores is slated to begin operating in the fourth quarter of 2018.
Endesa, however, is not only focused on developing hydro assets in Chile.
According to the La Tercera daily, the Spanish firm is also redeveloping the natural gas-fired Taltal combined-cycle plant, adding 120 MW to its current 245 MW capacity.
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