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Chile is facing important challenges to develop its energy sector. Estimations demonstrate that in its electricity consumption Chile will grow at an annual rate of 4.6% until 2030, despite ongoing efficiency improvements. To satisfy this demand in a sustainable way, the national energy policy promotes the integration of novel and clean power generation into the national power mix, with special emphasis on concentrated solar power (CSP). The present paper assesses the development of solar-based electricity generation in Chile by CSP, achieved by a Solar Power Tower plant (SPT) using molten salt as heat carrier and store. Such SPTs can be installed at different locations in Chile, and connected to the main national grid. Results show that each SPT plant can generate around 76 GWhel of net electricity, when considering solar irradiation as the sole energy source and at a 16% overall efficiency of the SPT process. For operation in a continuous mode, a hybrid configuration with integrated gas backup system increases the generating potential of each SPT to 135 GWhel. A preliminary Levelized Energy Cost (LEC) calculation provides LEC values between 0.15 and 0.18 $/kWh, as function of the overall process efficiency and estimated investment cost. Chile's solar irradiation favors the implementation of SPT plants. [ABSTRACT FROM AUTHOR]