Peru's government signed a concession agreement with the Norwegian company SN Power, for the construction of a hydroelectric plant in the north of Lima region, reported the Energy and Mines ministry.
SN Power will invest about US $300 million in the construction of this hydroelectric plant, whose construction is to start in 2010 and is expected to be operational in July 2014; reportedly, the plant will generate 168 new megawatts as of 2014, which will help to reaffirm Peru's status as a great energy provider.
"It's very important to increase the energy capacity of Peru, which following Norwey's example and its hydroenergy development, aims to become a great provider of electric energy in South America,” said Peru's President Alan García.
The Peruvian president said that in 2011, by the time he leaves office, Peru will have increased its power generation by 50%.
Source: livinginperu.com/
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