Chile meeting to invite investment in 60 projects

Chile’s economic development agency invites international investors and developers to attend the International Renewable Energy Investment Meeting October 5-6 in Santiago.

Corporacion de Fomento de la Produccion (CORFO) offers investors a portfolio of at least 60 renewable energy projects that were granted feasibility funding in a call for tenders. Orlando Jimenez Bustamante, deputy head of CORFO’s Investment and Development Division, said at least half of those projects are run-of-river hydropower sites.

With a responsibility to foster development of renewable energy, CORFO offers development incentives such as feasibility funding, investment match-making, soft loans, and a newly created equity fund to leverage creation of renewables investment funds based on three parts CORFO funding and one part private funding.

Additionally, the Chilean government has set a target to supply 15 percent of additional demand from non-conventional renewable sources up to 2010. An international bidding process is to be launched in 2007 to supply up to 10,200 gigawatt-hours per year, beginning in 2010.

As an incentive to international participants in the meeting, CORFO is offering three nights in the Santiago Crowne Plaza Hotel for one representative of each registered investment entity. Additionally, the agency promises at least five meetings with project developers or potential partners. For field trips to project sites, free transportation from Santiago and hotel accommodations are offered.

For information, contact Javier Garcia, Energy and CDM Investment Program Coordinator, Investment and Development Division, Corporacion de Fomento de la Produccion (CORFO), E-mail: In the United States, contact Claudio A. Pinto, Business Development Director, JCA Markets Inc., P.O. Box 1141, Pleasanton, CA 94566 U.S.A.; (1) 925-398-2067; Fax: (1) 925-462-8274; E-mail: Registration can be done online at


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