Peru to make $1.8bn hydro investment

Peru will be launching three hydroelectric projects beginning in 2016 to meet an electricity demand of 544 MW, following an auction conducted by Pro Inversion reports the El Comercio newspaper.
 
The three projects represent a total investment of $1.8bn and will produce 912 MW; in excess of demand, according to a statement by Luis Ortigas, chief of Electric Affairs and Hydroenergy at ProInversion.
 
"This represents approximately 20 per cent of national demand," he was quoted as saying.
 
On average, power generated from the new hydroelectric plants will be around $48.25/MWh, the newspaper report said.
 
For more Hydroelectric news.

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