Statkraft has decided to start construction of the Los Lagos hydropower plant in Chile. The construction is planned to commence in August and completion is scheduled for H2 of 2022. The power plant will have an installed capacity of 52 MW and an annual production of 260 GWh.
The total investment cost of Los Lagos hydropower plant is estimated to approximately USD 200m.
Los Lagos hydropower plant will be located on the Pilmaiquen River, downstream of Statkraft’s operational Rucatayo hydropower plant. The location is close to the city of Osorno, about 900 km south of the capital Santiago.
To further strengthen its position in Chile, the company is also assessing wind and solar opportunities and evaluating possibilities for bidding in future renewable energy auctions.
