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Teck signs renewable power agreement for its Chilean operations

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(Kitco News) - Teck Resources (TSX:TECK) said Thursday its Chilean operations have entered into a long-term power purchase agreement to provide 100% renewable power for Teck’s Carmen de Andacollo Operation in Chile.

Under the agreement, Teck said it will source 72 Megawatts (MW) (550 GWh/year) from AES Gener’s growing renewable portfolio of wind, solar and hydroelectric energy.

"The transition to renewable power will replace previous fossil fuel power sources and eliminate approximately 200,000 tonnes of greenhouse gas (GHG) emissions annually, the equivalent to removing over 40,000 passenger vehicles from the road," wrote the company in a news release.

"As part of its updated Sustainability Strategy, Teck has set the goal of being a carbon neutral operator by 2050. In support of that long-term objective, Teck has established milestone goals including sourcing 100% of all power needs in Chile from renewable power by 2030 and reducing the carbon intensity of operations by 33% by 2030."

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