Antofagasta moves towards renewables for energy needs

Chilean mining giant Antofagasta is looking to renewables for its long-term energy requirements
By Staff reporter 30 October 2017 0 28169

Chilean mining giant Antofagasta is looking to renewables for its long-term energy requirements, the company’s chief executive has told Reuters.

Ivan Arriagada said some of Antofagasta’s energy contracts will not expire for another 3-5 years but could be renegotiated if market conditions change.

Northern Chile has added significant renewable power capacity in recent years, which will result in increased gas demand for backup power during periods of low solar generation, Matias Vidal, commercial manager at Engie-controlled GNL Mejillones, told Interfax Natural Gas Daily earlier this month.

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