Electricity Sector In Chile
The electricity sector in Chile relies predominantly on thermal and hydro power generation. Faced with natural gas shortages, Chile began in 2007 to build its first liquefied natural gas terminal and re-gasification plant at Quintero near the capital city of Santiago to secure supply for its existing and upcoming gas-fired thermal plants. In addition, it has engaged in the construction of several new hydropower and coal-fired thermal plants.
Chile's electricity sector reform, which served as a model for other countries, was carried out in the first half of the 1980s. Vertical and horizontal unbundling of generation, transmission and distribution and large scale privatization led to soaring private investment. The 1982 Electricity Act was amended three times in 1999, 2004 and 2005 after major electricity shortages. Further amendments are envisaged.
Read more about Electricity Sector In Chile: Access To Electricity, Renewable Energy Resources, Investment and Financing, Summary of Private Participation in The Electricity Sector
Famous quotes containing the word electricity:
“There are two great unknown forces to-day, electricity and woman, but men can reckon much better on electricity than they can on woman.”
—Josephine K. Henry, U.S. suffragist. As quoted in History of Woman Suffrage, vol. 4, ch. 15, by Susan B. Anthony and Ida Husted Harper (1902)