Phillipines geothermal company Energy Development Corporation (EDC) has pulled out of the 185MW Calerias energy project in Chile's central region VI after encountering disappointing exploration results during a recent resource assessment.
The firm's partner in the Calerias project, Australian renewable energy company Hot Rock limited, resumes 100% control of the resource and will now reassess its own plans for progressing the project, located 100km southeast of Chilean capital Santiago, the company said in its latest operations report.
