Chilean Enviro Cop OKs Cuervo Hydroelectric Project

Law360, New York (May 8, 2012, 3:56 PM EDT) -- A Chilean environmental regulator on Tuesday signed off on Energia Austral SpA's plans for its 640-megawatt Cuervo hydroelectric plant, pushing forward the first of three facilities in the energy company's planned 1,000-megawatt power network.

The move paves the way for the power company to proceed with its hydroelectric system, though it did not offer an expected time line for the initiative's completion. However, the company did say it would soon ready the environmental proposal for its second plant, a 375-megawatt facility also in southern Chile's Aysen...
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