Magma Vies With Enel to Produce Chile’s First Geothermal Power
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Magma Energy Corp. may become Chile’s first producer of geothermal power as it seeks to start output at its Mariposa field in 2014, said John Selters, head of the company’s unit in the South American country.
Magma, based in Vancouver, is at a similar stage of progress as the Apacheta project being developed by a unit of Italy’s Enel SpA and Chile’s state-owned Empresa Nacional del Petroleo, known as Enap, Selters said today.