Brazil, Chile: Agreement on transmission lines deal close

Mining giant Xstrata, which is developing hydroelectric projects in southern Chile and Brazil’s HidroAysen hydropower project are close to reaching a deal on sharing land rights to build their respective power transmission lines, according to the Dow Jones news wires.

“We’re very close to reaching a final agreement. There are some points that we’ll likely be able to resolve in the coming week,” Daniel Fernandez, HidroAysen’s chief executive, told reporters.

Both companies will build transmission lines adjacent to each other over a distance of around 600 km.

By doing this, HidroAysen and Xstrata’s local energy subsidiary, Energia Austral, will be able to use the same land rights, consolidate the time needed for obtaining those rights and reduce costs, the report said.

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