Batista’s MPX Wins Approval for $4.4 Billion Chile Project
This article is for subscribers only.
MPX Energia SA, the power company controlled by Brazilian billionaire Eike Batista, won approval to build a $4.4 billion coal-fired electricity plant in northern Chile as the country seeks to overcome energy shortages.
Regional Governor Ximena Matas approved the Castilla project in a meeting earlier today with the national environmental authority, Rio de Janeiro-based MPX said today in a statement. The power plant will be Chile’s largest, equivalent to a fifth of installed generation capacity, the company said.