Rurelec PLC

Businesses

Chile

Termonor, Arica

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Project Name

Termonor, Arica

Location

Parinacota, Arica

Capacity

40 MW nominal with the potential to increase to 140 MW

Technology

OCGT (potential for phase II CCGT)

Equipment

One GE PG654 gas turbine

Fuel

Diesel (locally sourced)

Additional details

Parinacota is a 40 MW greenfield thermal power plant development in which Rurelec owns 100 per cent. through Termoeléctrica del Norte S.A.C. ("Termonor"), the project development company. The project has the potential to convert to a 140 MW combined cycle power plant as part of its second stage development.

Central Illapa, Mejillones

project detail cascade2

Project Name

Central Illapa, Mejillones

Location

Mejillones, Antofagasta

Capacity

256 MW nominal with the potential to increase to 358 MW

Technology

OCGT (potential for phase II CCGT)

Equipment

701D gas turbines

Fuel

LNG (imported)

Additional details

Central Illapa is a 256 MW open cycle Greenfield gas fired power development in which Rurelec owns 100 per cent. The initial development of the plant will be done by IPC & Ivener S.A.

The project has the potential to convert to a 358 MW combined cycle power plant as part of its second stage development.

Country

project maps peru

Location

Southern South America, bordering the South Pacific Ocean, between Argentina and Peru

Population

17,216,945 (July 2013 est.)

Languages

Spanish (official), Mapudungun, German, English

Government Type

Republic

Capital

Santiago

Administrative divisions

15 regions (regiones, singular - region); Aisen del General Carlos Ibanez del Campo, Antofagasta, Araucania, Arica y Parinacota, Atacama, Biobio, Coquimbo, Libertador General Bernardo O'Higgins, Los Lagos, Los Rios, Magallanes y de la Antartica Chilena, Maule, Region Metropolitana (Santiago), Tarapaca, Valparaiso note: the US does not recognize claims to Antarctica

Legal system

Civil law system influenced by several West European civil legal systems; judicial review of legislative acts by the Constitutional Tribunal

Electricity - production

59.75 billion kWh (2010 est.)

Electricity - consumption

53.24 billion kWh (2009 est.)

Country comparison to the world

46

Economy - overview:

Chile has a market-oriented economy characterized by a high level of foreign trade and a reputation for strong financial institutions and sound policy that have given it the strongest sovereign bond rating in South America. Exports account for approximately one-third of GDP, with commodities making up some three-quarters of total exports. Copper alone provides 19% of government revenue. From 2003 through 2012, real growth averaged almost 5% per year, despite the slight contraction in 2009 that resulted from the global financial crisis. Chile deepened its longstanding commitment to trade liberalization with the signing of a free trade agreement with the US, which took effect on 1 January 2004. Chile has 22 trade agreements covering 60 countries including agreements with the European Union, Mercosur, China, India, South Korea, and Mexico. Chile has joined the United States and nine other countries in negotiating the Trans-Pacific-Partnership trade agreement. In 2012, foreign direct investment inflows reached .2 billion, an increase of 63% over the previous record set in 2011. The Chilean Government has generally followed a countercyclical fiscal policy, accumulating surpluses in sovereign wealth funds during periods of high copper prices and economic growth, and generally allowing deficit spending only during periods of low copper prices and growth. As of 31 December 2012, those sovereign wealth funds - kept mostly outside the country and separate from Central Bank reserves - amounted to more than .9 billion. Chile used these funds to finance fiscal stimulus packages during the 2009 economic downturn. In May 2010 Chile signed the OECD Convention, becoming the first South American country to join the OECD.

Information taken from CIA Worldfact Book

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