LIMA, Peru 3/30/12 (PennWell) -- Peruvian utility Energia Azul and the China Gezhouba Group have signed a memorandum of understanding that will advance development of the 750-MW Santa Maria hydropower plant, reports say.
The US$1.6 billion facility received a concession from Peru's Ministerio de Energia y Minas for feasibility studies in September 2008 and is scheduled to come online in 2020 should its development proceed as planned.
The project will include a 137-meter-high dam wall, a 515 cubic meter reservoir, a 29-kilometer diversion tunnel and four Pelton turbine-generator units.
Sources say Gezhouba will evaluate its participation in the project and decide whether or not to proceed in June.
The Chinese consortium is also working on Ecuador's 487.8-MW Sopladora plant.