Chilean environmental regulators have given the green light to the US$3.5 billion HidroAysen hydropower project, wire services reported.
Regulators approved the hydro project in a vote broadcast live on television.
HidroAysen, a joint venture between generators Endesa Chile and Colbun, comprises five hydropower stations and plans to generate 2,750 MW by damming two major rivers. But it must first seek separate approval for a transmission line to channel power to the capital, Santiago, Reuters reported.
In other news, Endesa has submitted a new environmental impact assessment to environmental authorities in region VII for the construction of the 150-MW Los Condores hydropower facility.
The new document includes technical and environmental improvements to the original EIA approved by authorities in April 2008. Under new plans, the size and surface area of the dam will be reduced, minimizing effects on the local environment, Business News Americas reported.
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