Energy Investment Project Portfolio

Energy Investment Project Portfolio

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Description: This presentation is about Chile energy investment project portfolio. SIC Trunk System Expansion Plan - New Infrastructure The Expansion Plan envisages five projects to expand the northern and central part of the transmission system of the Central Interconnected Grid (SIC). The Plan, established under Decrees N° 82 and N° 310 issued by the Energy Ministry in 2012 and 2013, respectively, defines the system’s expansion in order to supply power consumption needs.

The tender seeks to award contracts for the projects’ implementation and operation. After opening a subsidiary in Chile to develop and exploit renewable energy sources, Torsa Chile S.A. Will invest in exploration during 2013/2014.

To this end, it will establish an office in Santiago, install four measurement towers on the coast of Chile and carry out studies for the construction of 41 MW wind farms in different parts of the country. About Tolhuaca I Geothermal Plant: Project for the construction of Chile’s first geothermal plant. The plant would have a capacity of 70 MW with the option of future expansions depending on availability of the resource.

More projects are Wilefko wave energy project, JVA South Pacific Energy wave energy project, Bid for Solar Power Concentration, “Integrated Energy System and Biorefinery” for Production of Biofuels.

 
Author: Jorge Yanez  (Fellow) | Visits: 2992 | Page Views: 3120
Domain:  Green Tech Category: Wind/Water/Geo Subcategory: Business 
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Contents:
CHILE
Investment project
portfolio
Foreign Investment Committee
www.ciechile.gob.cl

ENERGY
CHILE
Investment project portfolio
Jorge Yáñez
Investment Attraction Executive
jyanez@ciechile.gob.cl
Tel: + 56-2-2663 9200
www.ciechile.gob.cl

SIC Trunk System Expansion
Plan - New Infrastructure
Trunk Transmission System
Electricity Transmission


Description: The Expansion Plan envisages five projects to expand the northern and central part of the transmission system
of the Central Interconnected Grid (SIC). The Plan, established under Decrees N° 82 and N° 310 issued by the Energy
Ministry in 2012 and 2013, respectively, defines the system’s expansion in order to supply power consumption needs. The
tender seeks to award contracts for the projects’ implementation and operation. The term sheets will be on sale from 4
October 2013 to 10 March 2014 (12:00) at the offices of the Dispatch Office for Chile’s Central Interconnected Grid (CDECSIC) and can be downloaded from www2.cdec-sic.cl (see term sheets here). Acquisition of the term sheets gives the right to
participate in the process for queries between 16 October 2013 and 20 January 2014. Bids must be presented between 5
March 2014 and 14 May 2014 (12:00), with the results scheduled to be announced on 30 July 2014. The projects are as
follows:

Projects in SIC

Reference Value (US$ thousand)

Autotransformer bank, Nueva Cardones substation, 500/220 kV, 750 MVA

25,270

Autotransformer bank, Nueva Maitencillo substation, 500/220 kV, 750 MVA

25,270

Autotransformer bank, Pan de Azúcar substation, 500/220 kV, 750 MVA

25,270

Third autotransformer bank, Alto Jahuel substation, 500/220 kV, 750 MVA

44,681

New 2x220 kV Lo Aguirre-Cerro Navia transmission line

54,610

Total

175,102

SIC Trunk System Expansion
Plan - New Infrastructure
Trunk Transmission System
Electricity Transmission









Proponent: Public-private.
Project coordinator(s): CDEC-SIC.
Location: Between Cardones (Atacama Region) and Cerro Navia (Santiago Region).
Area/capacity: Not applicable.
Estimated investment: Infrastructure represents an estimated total reference investment of US$175 million.
Starting date: Implementation of projects estimated to start in August 2014.
Duration: Construction period of 36 months, expect for the Lo Aguirre-Cerro Navia new transmission line (48 months).
Type of concession: Award of the implementation and operation rights of each trunk transmission project contained in the
SIC Expansion Plan Decree, in accordance with the conditions established in the present term sheets and in the Expansion
Plan Decree and the terms and conditions to be established in the corresponding Decrees issued by the Ministry in
accordance with Article 97 of DFL Nº 4, henceforward the Award Decrees.

Contact: CDEC-SIC: Aníbal Ramos, Head of Toll Department, aramos@cdec-sic.cl, tel: +56-2-2424
6300.
Source: SING and SIC Dispatch Centers.
Last updated: June 2013.

Exploration studies of wind
potential
Coastal areas of Chile
Wind power









Description: After opening a subsidiary in Chile to develop and exploit renewable energy sources, Torsa Chile S.A. will
invest in exploration during 2013/2014. To this end, it will establish an office in Santiago, install four measurement towers
on the coast of Chile and carry out studies for the construction of 41 MW wind farms in different parts of the country.
Proponent: Private.
Project coordinator(s): Torsa Chile S.A.
Location: To be defined.
Area/capacity: To be defined.
Estimated investment: Up to US$75 million.
Starting date: During 2013/2014.

Contact: Torsa Chile S.A.: José Manuel Domínguez, Legal Representative, jmdominguez@dolm.cl tel: +56-2-2334
3714.
Source: Manufacturers’ Association (SOFOFA).
Last updated: June 2013.

Tolhuaca I Geothermal
Plant
Geothermal exploration and production









Description: Project for the construction of Chile’s first geothermal plant. The plant would have a capacity of 70 MW with
the option of future expansions depending on availability of the resource. The first exploration stage has been completed
and two production wells with a depth of some 2,500 meters have been drilled. The Tol-4 well has a capacity of between 12
and 14 MW, making it the most productive geothermal well to be drilled so far in South America. The technical/economic
feasibility of installing Unit 1 of the plant with an output of 12.5 MW, in parallel to drilling the additional wells required for
the 70 MW Unit 2, is being evaluated.
Proponent: Private.
Project coordinator(s): MRP Geotermia Chile Ltda. (Holding) and MRP Geotermia Curacautín Ltda.
Location: Tolhuaca Volcano, Curacautín and Quilaco municipal districts, on the border between the Bío-Bío and Araucanía
Regions.
Area/capacity: To be defined.
Estimated investment: Unit 1, US$75 million; Unit 2, US$450 million.
Starting date: Drilling already started. Plant: November 2013 (Unit 1) if given the go-ahead.

Contact: MRP Geotermia Chile Ltda: Cristián Sandoval, Head of Communications, cristian.sandoval@geotermia.cl,
tel: +56-2-2656 4700.
Source: Manufacturers’ Association (SOFOFA).
Last updated: June 2013.

Wilefko wave energy
project
Wave energy







Description: Wave energy project at the research and development (R&D) stage that will generate clean electricity by extracting kinetic energy
from breaking sea waves. The commercial objective is to satisfy industrial and mining demand in Chile.
Proponent: Private.
Project coordinator(s): Innovo, Centro de Innovación y Transferencia Tecnológica, Universidad de Santiago de Chile.
Location: The project’s design and development will take place in the Santiago municipal district of the Santiago Metropolitan Region and field
tests in the Concón municipal district of the Valparaíso Region.
Area/capacity: To be defined depending on maritime concessions.
Estimated investment: According to each stage of the project:
Stage 1 – Pre-investment
Stage 2 – Validation and valuation of development of prototype

US$140,000

Stage 3 – Development of prototype

US$250,000

Stage 4 – Development of real-scale prototype

US$1,200,000.

Stage 5 – Experimental 40 MW plant





US$50,000

US$60,000,000.

Starting date: Stage 1 began on 15 March 2011; Stage 2 is being implemented.
Duration: 15-20 years.
Type of concession: Under business model 1, licensing and technology transfer; under business model 2, concession of generation and sale of
energy.
Contact: Wilefko: Eduardo Egaña, Founder & CEO, eduardo.egana@wilefko.com, tel: +56-9-9884 1349; Claudio Sala, Business
Relations Manager, claudio.Sala@wilefko.com, tel: +56-9-6728 9794.

Source: Innovo.
Last updated: June 2013.

JVA South Pacific Energy wave
energy project
Wave energy










Description: The present system of energy generation is based on two specific concepts on which the company has carried
out six years of research and development. In the first stage, it implemented the first concept known as CONVERTER, a
motor that was officially patented in Chile and has patent applications in 38 countries. The second stage involves analysis
of the method for harnessing wave energy, known as CAPTURER, with the development of a synergic anti-capsize boat
model that captures great power and is protected by an invention patent. These two concepts brought together in a single
system, free of atmospheric, corrosive and galvanic current threats, along with other factors, simulates a boat that, in its
interior, generates energy. The project aims to manufacture and test prototypes in Chile for certification and the
subsequent international marketing of the new technology.
Proponent: Private.
Project coordinator(s): JVA South Pacific Energy Ltda.
Location: Valparaíso municipal district, Valparaíso Region.
Area/Capacity: To be defined.
Estimated investment: US$7,000,000.
Starting date: 2013.
Duration: 24 months.
Contact: JVA South Pacific Energy: Juan Torres Zamora, General Manager, jva.spe3@gmail.com, tel: +56-9-9335
1651.

Source: JVA South Pacific Energy Ltda.
Last updated: June 2013.

Bid for Solar Power
Concentrator
Support for investment in alternative renewable energies










Description: Chile has important comparative advantages for the production of electricity from solar energy due to high levels of
solar radiation in northern Chile and great demand for energy from the area's industrial activities. A tender with contributions made
available through the Energy Ministry will select a project bringing together the conditions required for construction of a solar
concentrator power plant that meets commercial bank feasibility and financing criteria and has a subsidy for its implementation.
Enquiries will be received through to 6 May 2013 and bids through to 22 August 2013. Information about the process and the term
sheets are available here in Spanish and here in English
Proponent: Public.
Project coordinatior(s): Corporación de Fomento de la Producción (CORFO).
Location: The plant must be connected to the Central Interconnected Grid (SIC), the Northern Interconnected Grid (SING) or a selfconsumption electricity system.
Area/Capacity: Equivalent to a plant with an installed capacity of at least 10 MW and storage that permits supply for at least three
hours without input of solar energy in order to allow management of generation.
Funding: The maximum subsidy available is US$20 million, representing up to 50% of the total cost of the project presented. The
remainder must be financed by the beneficiary.
Starting date: 2nd half of 2013.
Duration: Implementation of the project, including its connection to the electricity system, must not exceed five years as from
approval of all the resolutions corresponding to the CORFO Subsidy Agreement.

Contact: CIEChile: Jorge Yáñez, Investment Attraction Executive, jyanez@ciechile.gob.cl, tel: +56-2-2698 4254.
Source: Corporación de Fomento de la Producción (CORFO).
Last updated: June 2013.

“Integrated Energy System and
Biorefinery” for Production of
Biofuels









Description: Integrated energy system and biorefinery; comprises an industrial plant formed by various platforms which
work together but each with its different processes and raw materials, thereby generating electricity, ethanol, biodiesel
and oxydiesel as well as byproducts that include biofertilizers, concentrated feeds, heat, carbon dioxide and glycerines.
The industrial design permits greater efficiency in the use of the resources and raw materials employed by the system.
The distinguishing feature of this invention is its unique versatility since production levels can be geared to different ends
depending on demand in the country where it is implemented.
The system can achieve production levels that can reach thousands of liters, with a cost saving of some 40%, since a large
part of the inputs and service required are supplied by the industrial system itself.
The company has 20-year industrial patents in Chile, Argentina, Peru and Mexico.
Proponent: Private.
Project coordinator(s): Bioromsa.
Location: Between Regions VII and VIII.
Estimated investment: US$300 million.
Starting date: 2013 or 2014.
Duration: To be defined.

Contact: Cristián Romero, Partner/Manager, tel: +56-9-7790 9830, www.bioromsa.com.
Source:
Last updated: October 2013.

LEGAL DISCLAIMER: The Foreign Investment Committee merely passes on information about projects as it was
received from the parties interested in its publication. The Foreign Investment Committee has not carried out
any evaluation or study of the economic, legal or administrative viability of the said initiatives and, therefore,
undertakes no responsibility as regards these initiatives. Recipients of this information are advised to evaluate
the viability of the specific project in which they are interested.

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