Preliminary works for SN Power's 168-MW Cheves hydropower project in Peru have begun, the Norwegian company's local general manager told wire services.
Officials reported that planning is under way for the electromechanical and transmission line works and other aspects of the project, Business News Americas reported.
Preparation is under way to begin tunnel excavation work, reports indicate.
SN Power holds a 15-year supply contract starting in July 2014 from the state agency for promoting private investment ProInversion.
IFC, a member of the World Bank Group, will provide long-term financing of up to US$250 million to help build the Cheves hydropower project, SN Power announced.
The Cheves hydro project is located on the Huaura River, 250 kilometers north of Lima.
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