Chile has laid out plans for a power auction and several transmission line tenders to be carried out this year.

The government has scheduled the power auction for November, according to energy minister Suzana Jimenez.

Contracts totaling 3,500 GWh per year will be awarded through the auction, the minister added.

The country is also preparing to award 14 transmission line contracts representing a combined investment of $409 million and the government has embarked on an international roadshow to present the projects to potential investors.

Chile is aiming to decarbonize its generation by 2050, which means it will need to phase out coal-fired power. Coal represented 41% of generation in the country in 2016, according to the International Energy Agency.

The government is already in talks with coal-fired generation companies to establish the phase-out strategy. November's power auction is part of the plan.

(A version of this story first appeared in IJGlobal).

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