Econergy International has signed an investment agreement with Alberto Matthei & Hijos - developer of the 25MW Laja project - which will see the company invest approximately US$9M equity in the Chilean hydro scheme.

As part of the agreement, Econergy International will own 50% of the project, which is expected to generate an average of 140,160MWh per year.

The project is scheduled to enter into commercial operations in the third quarter of 2008 and generate 69,000 Certified Emissions Reductions per year.