Statkraft has signed an agreement to buy a majority stake in the listed Chilean hydropower company Empresa Eléctrica Pilmaiquén.

Pilmaiquén owns and operates the Rucatayo hydropower plant in the south of Chile, including a transmission line connecting the power plant to the grid. The company also holds water rights for three hydropower projects in the same river.
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 Two of the projects, Osorno) and Los Lagos are ready for construction, and the transmission line has the necessary capacity to connect all three projects.

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