The Cóndor plant is the third of the three hydroelectric plants that make up the Energía Austral project. It will be located in the basin of the Cóndor River, 23 km southwest of Puerto Aysén and 15 km from Puerto Chacabuco. It will have an installed capacity of 54 MW, which will be injected into the Central Interconnected Grid (SIC).

The project involves the construction of three dams to create a reservoir on the Lagunillas River for use in generating energy.

The main dam on the Lagunillas River will be built with conventional concrete. With a height of 48 metres, it will have a drainage system to regulate the level of the future reservoir and infrastructure to provide a guaranteed flow volume.

The East Dam and West Dam, located to the sides of the main dam, will be built in roller compacted concrete and will have a height of 23 metres and 25 metres, respectively.

These three dams will raise the level of the Cóndor Lake by approximately 9 metres, flooding only a minimum area - 350 hectares - for the generation of electricity and without affecting either the Clara Lagoon or the Ellis Lake.

The Cóndor project represents an estimated investment of US$144 million and the plant will have a useful life of 100 years.

Water from the reservoir will be transported to the machine house through an adduction tunnel. The equipment for generating energy will be located in the machine house, the heart of the project. Once the water has passed through the turbines, it will be returned, without any alteration, to the Cóndor River at a point 3.7 km from the Aysén Fjord.