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Peru to make US1.8 billion hydropower investment

Peru will be launching three hydroelectric projects beginning in 2016, news agencies reported.

The three hydropower projects represent a total investment of US$1.8 billion, the El Comercio newspaper reported.

The hydro projects will produce 912 MW, according to a statement by Luis Ortigas, chief of Electric Affairs and Hydroenergy at ProInversion.

In other news, ABB recently announced it has won a power generation order to provide power equipment and engineering for the Cheves greenfield hydropower plant in Peru.

ABB will provide engineering and power equipment to Empresa de Generacion Electrica Cheves S.A., a hydropower generation company in Peru, which is 100 percent owned by SN Power of Norway. Cheves is a 2 x 84 MW hydropower project located in the provinces of Oyon and Huaura.

The project will be executed in consortium and led by ABB Canada with Rainpower from Norway and Jeumont from France.

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