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Peruvian, Chinese groups sign MOU for 750-MW Santa Maria hydroelectric project

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.

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