Projects Chile

Licancura

The most developed geothermal concession of Transmark Chile SpA, which are located in the Chilean Highlands at 4,300 meters. The cluster holds more than 300 MWe.
  • Approximately 20,000 hectares
  • Area mainly highland tundra and desert (Altiplano)
  • Elevation between 3,700 - 5,000 meters
Licancura
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Concession Licancura – Closest airport city: Lquique

  • Located in the Arica, Parinacota and Tarapaca region
  • Approximately 27,000 hectares
  • Area mainly highland tundra and desert (Altiplano)
  • Elevation between 3,700 - 5,000 meters
  • Hot-springs found with temperatures ranging from 50°C up to 60°C

Transmark Renewables currently owns 5 geothermal exploration licenses and 1 pending application through both its, 100% subsidiary, Transmark Chile SpA; and 1 exploitation application through its 100% subsidiary, Transmark Chile II SpA.



Transmark Renewables considers Chile a key market due to the following key characteristics:

General Key statistics/characteristics Chile

Strong geological potential

  • Chile is located on the ring of fire with an estimated geothermal resource potential over 16,000 MWe

  • However, currently no geothermal power has been installed yet (funds for approx 75-100 MW committed)

Good foreign investor climate

  • Chile has one of the most open economies of Latin America, a competitive energy market and a solid banking system

Favourable regulatory framework

  • Law No. 19,657 provides a favourable framework for the exploration and development of geothermal energy