Peru is now exploring the idea of constructing new hydroelectric plants with a total capacity of 500 MW over the next five years.
ProInversion, the country’s state agency for promoting private investment, has launched the bidding process to supply up to 500 MW from new hydro to be operational in 2015, according to a report in Business News Americas.
As a result of Peru’s growing power demand, as well as to offset the recent increase in the development of thermoelectric projects, the energy and mines ministry tasked the agency with the process.
Potential bidders for the 15-year supply contracts must either have a definitive or temporary concession for a hydroelectric plant, it is reported.
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