SN Power hopes the schemes will generate carbon credits through the UN Clean Development Mechanism (CDM). "[Whether] we get carbon credits... depends on the development of the CDM system," Huseby says. "With CDM, you get an additional source of revenue that makes it profitable to construct a plant more carefully. "The CDM turns hydropower development in a more environmentally friendly direction.
CDM 'will create a level playing field'
The Pellaifa hydropower scheme is one of four being developed in the green, rainy province of Los Rios in central Chile as part of SN Power's Trayenko Project.
12 March 2009 23:00 GMT
Updated
25 November 2012 8:58 GMT