PUBLICATION
POWER
Chile Power 2009 POWER Release
November 09, 2009
Chile was considered a world leader for reforming and liberalizing its power sector as early as the 1980s. However, 25 years later, Chile is at a cross- roads in terms of developing future capacity. With an estimated GDP growth rate of 2% to 3% during the current global financial crisis, a highly competitive economy, an established democracy, and a stable macro- economic environment, Chile is considered a premium destination for foreign investment.
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After five months in Lima and more than 130 interviews, the conversations with C-executives along the Peruvian mining value chain touched on various topics. These included production targets, drilling results, the benefits of new technologies like the so-called “digital twins” to replicate reality in a virtual environment, and even the use of cartridge valves. However, a recurring theme in almost every interview, and perhaps the most significant one in relevance, is Peru's loss of its position as the second-largest copper producer to the Democratic Republic of Congo.
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MACIG
"EBRD can act as a catalyst for project development since our stamp of approval influences others to also trust a promising mining project."
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