09 Jun '12, 4pm

Latin America Climate, Energy and Environment News: 6/4 - 6/8/2012

On June 5, the president of Endesa España, Borja Prado, whose company is a co-owner of the HidroAysén hydroelectric project, met with the Energy Ministry in Santiago, Chile following the announcement that its co-sponsor, Colbún, wants to suspend the project indefinitely because of an unsteady political climate. Given the controversy surrounding the project, the meeting raised suspicions about future progress and how Endesa will move forward. Endesa Chile proclaimed last week that only technical findings will be considered in their decision-making, reflecting an effort to distance themselves from the political climate (Diario Financiero 6/5/2012). While work on environmental impact assessment of HidroAysén’s transmission line has been suspended, Chile’s Intelligence Unit for Projects and Businesses (UNIP) reported that there are 211 other energy projects in development thro...

Full article: http://switchboard.nrdc.org/blogs/amaxwell/latin_america_...

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