Engie Energia Chile SA has secured $125 million in funds to build the Calama wind project and decarbonise its operations as it moves towards closing its coal-fired power plants in Chile. The financial package was prepared by IDB Invest, which provided a $74 million senior loan. Another $15 million came from the Clean Technology Fund (CTF), and $36 million from the Chinese Fund for Co-financing in Latin America and the Caribbean.
The portfolio of projects supported by the Chilean Investment Promotion Agency, InvestChile, grew last year by 23% to over $21 billion, with energy leading the way with $7.9 billion. The mining sector received investments of $7.1billion and global services $3.903 billion.
Chile ranks no. 1 in Latin America as the country with the most potential to attract foreign investors, according to the 2021 Milken Institute Global Opportunity Index. Latin America performs well compared to other emerging and developing economies in two key areas: 1) having a highly qualified and diverse workforce and 2) the breadth and depth of the region's financial systems.
Chilean chestnuts exports to Italy have increased from 9% to 11%. In 2020, chestnut exports to Italy had a value of $3,35 million and although this is a 6% contraction compared to 2019, the quantities remained stable at 1,800 tons, confirming Chile as the only South American country to supply sweet chestnuts.
Lithium Chile has contracted Geoxploraciones SA Chile to run a 17 km transient electromagnetic (“TEM”) survey on its 100% owned Los Morros lithium bearing property. The TEM survey is intended to identify locations for 3 additional exploration holes which the Company will seek permits for immediately after evaluation of the TEM survey.