(SANTIAGO) -- The HidroAysen dam project in Patagonia is awaiting government signoff.
The $3 billion project involves dams on the Baker and Pascua rivers in Patagonia. Thousands of acres of forest would be flooded with the construction of the hydroelectric dams, which would generate enough power for a third of Chile's population.
The flooded area is largely uninhabited, and would require the displacement of a miniscule number of people relative to China's controversial Three Gorges Dam, officials say.
The Chilean government is expected to approve the project.
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