The soon-to-be partially sold state-owned enterprise is spending tens-of-millions-of-dollars exploring untapped geothermal resources in the Latin American country, where Prime Minister John Key is leading a trade delegation.
Among them is Mighty River General Manager of Development, Mark Trigg, who has confidence in the venture despite a raft of unknowns. Chile’s geothermal energy has not yet been extracted by any other prospectors.
“Any market outside your home jurisdiction has its challenges and its idiosyncrasies,” he says. “There are some different risks, certainly, but some of those risks actually provide the diversification for the types of risk that we have in New Zealand.”
Mark Trigg says Mighty River Power does not see any potential for investment in New Zealand for the next five years.
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