$1 Billion Power Investment For Chile

Australian electricity company Pacific Hydro Ltd and Norweigan SN Power are planning to invest $1 billion over the next five years in Chile. The money will be directed towards building several hydroelectric plants in the country. Pacific Hydro already owns and operates two plants in Chile. Together with SN Power it is building La Higuera – due on line in 2008 — and is planning to construct three more, all due to be operational by 2011.