Peru, Brazil to advance six hydroelectric projects

Peru Foreign Minister Jose Antonio Garcia Belaunde says Peru and Brazil are expected to sign a US$4 billion energy integration agreement April 28 that includes construction of six hydroelectric projects in Peru.

Peru’s state-run Andina news service said the signing is to take place during a meeting of Peru President Alan Garcia and Brazil President Luiz Inacio Lula da Silva in the Brazilian state of Acre, where business people from both countries are to explore investment opportunities.

“This agreement aims to promote hydropower development,� Garcia Belaunde said April 20. �The Brazilian government has financed the project, but the private sector will invest more than US$4 billion for the construction of six plants.”

Six Peru hydro projects are included in the integrated strategic action program of Brazil federal utility Centrais Eletricas Brasileiras S/A (Eletrobras) for 2009-2012. (HNN 3/20/09) They include 2,000-MW Inambari, 800-MW Cuquipampa, 2,000-MW Paquitzapango, 1,074-MW Sumabeni, 942-MW Urubamba, and 750-MW Vizcatan.

Eletrobras is working in partnership with Brazilian construction company OAS, which committed in March to carry out construction of Inambari in Peru’s Madre de Dios Department. Eletrobras agreed in 2008 to carry out pre-feasibility studies of the other five Peru projects with four Brazilian companies: construction firm Camargo Correa; engineering firm Andrade Gutierrez; Odebrecht Peru, a unit of Brazilian builder Norberto Odebrecht; and engineering firm Engevix Engenharia.

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