A new study conducted on behalf of Chile’s Confederacion de la Produccion y del Comercio  (CPC) warns that this Latin American nation could face a doubling of its electricity prices if does not build new hydro and conventional power capacity.

Alejandro Jadresic, one of the authors of the study, warns that the economy will be “paralyzed” without new hydropower, coal and gas-fired stations, reports El Mercurio.

In order to keep pace with its growing electric power, the study says that Chile must add 1200 MW of new installed capacity annually between 2020 and 2030.

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