The Energía Austral SpA hydroelectric development company is developing the Cuervo hydroelectric plant in Chile’s Aysén Region plus a dedicated transmission system to inject the power produced into Chile’s Central Interconnected Grid (SIC). Cuervo will have a total generating capacity of approximately 640 MW and has the potential to displace about 1.5 million tonnes of carbon dioxide (CO2) emissions annually from Chile’s Central Interconnected System (SIC). The company is 51% owned by the Australian integrated energy company Origin Energy in joint venture with Glencore (49%).
A constant quest for excellence characterises Energía Austral. It permanently strives to develop the most appropriate projects, respecting their location, its specific conditions and, particularly, its environmental and geographic characteristics and those of the communities present in the area where the projects will be built.
Energía Austral’s actions are guided by its total adherence to the principles of sustainable development. As a result, all its projects are developed within a framework of absolute respect and of harmonious relations with the people and communities that make up its surroundings.
Energía Austral has, in addition, undertaken to be a responsible corporate citizen, incorporating into its projects the World Bank’s guidelines, the national legislation in force and the highest international technical, social and environmental standards.