Chacayes hydro plant
Opened on October 2011 by Chile’s Energy Minister at that time, Rodrigo Álvarez, the award-winning Chacayes run-of-river hydro power plant marks the first phase of Pacific Hydro’s new project development in the Cachapoal Valley.
Located in a dramatic setting in the Andes Mountains, approximately 10km upstream of our Coya hydro power plant, in Chile’s sixth region, Chacayes plays an important role in helping the country to reduce its reliance on energy from fossil fuels.
An investment of over US$450 million, the plant contributes 111 MW of installed capacity to Chile’s national grid, enough clean energy to supply more than 300,000 local homes. Its operations abate over 357,000 tonnes of greenhouse gas pollution every year – the equivalent to taking more than 130,000 vehicles off the road.
In 2012, Chacayes was successfully registered under the Kyoto Protocol’s Clean Development Mechanism to issue and trade in carbon credits.
Clean energy generated at Chacayes is supplied to long standing client Chilectra, the largest electricity distributor in the country, under a long term Power Purchase Agreement.
Even though run-of-river hydro projects do not cause inundation or require relocation of communities affected by the project, we take into account the legitimate concerns that the community has on the way that the construction or long term operation of the project will affect their environment.
Pacific Hydro’s commitment to maintaining or improving the environment around our project areas is clearly demonstrated through the world class flora, fauna and water management studies we have undertaken for the Chacayes project.
The success of our projects is closely linked to the sustainable development of the communities surrounding our sites. At the peak of its construction, the project created approximately 2,000 direct and 3,000 indirect jobs in and around the valley.
Local communities also benefit from our sustainable communities fund “Creciendo Juntos” (Growing Together), which aims to improve their quality life during construction and operation of our hydro power stations in the region.