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All-Time Low Spare Capacity Could Send Oil To $150

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Chilean Court Nixes $5bn Thermoelectric Power Plant

A huge thermoelectric power plant joint venture between Brazil’s MPX Energia SA and Germany’s E.ON has been sidelined by a Chilean court over environmental concerns.

Earlier this week, the court rejected proposed plans for the $5 billion, 2,100MW Central Castilla thermoelectric power plant, giving in to opposition from fisherman and artisans who were concerned about the damage to the environment from the coal-fired mega plant.

The court did leave open another window of opportunity for the venture to resubmit an environmental impact study at a later date.

By. Joao Peixe of Oilprice.com



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