Peru to build $800 million hydroelectric project

Peru's environmental authorities approved a hydroelectric project planned for northern region Amazonas that would require close to $800 million.

Energoret Ingenieros Consultores filed the EIS for the planned Tingo I (210 MW), II (148 MW) and III (48 MW) complex with the energy and mines ministry a little over a year ago, according to Business News Americas.

In a resolution, the ministry's energy environmental affairs office said approval does not constitute the granting of authorizations, permits or other requirements the company must secure.

The Utcubamba and Magunchal rivers would supply Tingo, which would take six years to complete.

Other hydroelectric project planned for Amazonas region are Amazonas (122 MW), Chadin 2 (600 MW), Rio Grande I and II (750 MW), Utcubamba I (124 MW) and Veracruz (730 MW).

Peru gets nearly 46 percent of its energy from hydropower.

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