Brazil’s Electrobras to launch five hydropower projects in Peru

Electrobras, a Brazilian state-owned company for power generation and distribution, confirmed the execution of five hydroelectric projects in Peru, which will increase the country’s electricity supply, the Ministry of Energy and Mines (MEM) reported on Tuesday.

During ExpoPerú 2008, an investment promotion event held in Sao Paulo, the Peruvian minister of energy and mines, Juan Valdivia, met with representatives of this company, who expressed strong interest in developing various projects in the country.

“The meetings with Brazilian investors were a great success; they have shown much interest in developing the ten largest hydro-electric power projects in the country, five of them have already been confirmed,” Peru’s vice minister of energy, Pedro Gamio, said on Tuesday.

He noted that two of these projects, the Inambari Hydroelectric Power Plant in Madre de Dios and the Paquitzapango Hydroelectric Power Plant in Junín would start operating in 2014.

The construction of the Inambari Hydroelectric Power Plant would require an investment of about 2 billion dollars and would have 1355 megawatts of capacity; while the investment amount for the 1379 megawatts Paquitzapango Plant has not yet been determined.

(source: ANDINA)

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