Chilean government working on risk mitigation scheme for geothermalThe city of Antofagasta, Chile (source: flickr/Bracani....Antonio, creative commons)Francisco Rojas 11 Sep 2014The Chilean Government is moving forward looking to mitigate risk in the initial drilling phase for geothermal and is already working with the Interamerican Development Bank to bring solutions. This actually happened a few years years ago when ENAP participated in a joint venture with Italy’s Enel Green Power. In this regard, the regional ministerial secretariat (SEREMI) said that “The Energy Agenda considers implementing schemes to reduce the risk in drilling deep wells for geothermal exploration stage , according to international experience, it is the riskiest stage on geothermal exploration. This aspect is probably the main differentiator of geothermal projects for other renewables, and therefore understand that mitigation about the conditions for the development of geothermal energy with other types of projects. Now we have an international cooperation initiative, which we will implement the IDB, that some projects can mitigate that risk and we are analyzing alternatives that continue or complement future .