Chile has inaugurated the Cerro Pabellon geothermal energy plant in the northern region of Antofagasta, the first in South America, which the government said will increase electricity services to the population.
Chilean President Michelle Bachelet inaugurated the plant, which has an investment of US$320 million and is also the highest plant built at 4,500 meters above sea level.
“This is the kind of projects that do good for Chile," Bachelet said. "It generates investments, it brings technological innovation, it creates the basis for sustainable development and is a strong bet for training people."
The project is built by Italian company Enel Green Power, who have 83.65 percent ownership, in an agreement with the Chilean National Petroleum Company, with 16.35 percent.