Brazil utility to seek concessions for five Peru hydro projects

Peru’s energy minister says Brazil federal utility Centrais Eletricas Brasileiras S/A (Eletrobras) soon will request concessions to study development of five Peru hydroelectric projects totaling more than 1,500 MW.

Minister of Energy and Mines Juan Valdivia told Peru’s Andina news service that Eletrobras currently is seeking water use permits from the regional agricultural agencies in each department where the projects are located. The study concessions then would be sought within the next weeks, he said.

Valdivia said one project would be built in the Junin Region, another in Huancavelica Region, and three between Puno and Madre de Dios regions.

The minister estimated the projects would be completed in about seven years. He said government incentives for investment in renewable resources would help Eletrobras to start up the projects quickly and to seek a financing partner.

The temporary study concessions allow the grantee to perform feasibility studies of projects, usually within 24 months.

In performing a study, a concessionaire is required to respect regulatory standards and security, preserving the environment and cultural resources. If the concessionaire fails to perform the study within the established guidelines and schedule, it normally must forfeit a guarantee to the Direccion General de Electricidad.

A Peru energy official said in July that the Brazilian government-owned utility was evaluating five hydro projects in Peru as part of an energy integration plan between the two nations. (HNN 7/23/08) In June, the Ministerio de Energia y Minas received a Brazilian government delegation the previous week that was led by Eletrobras President Jose Antonio Muniz.

In June the ministry granted a concession to Empresa de Generacion Electrica Amazonas Sur to perform a feasibility study of the 1,500-MW Inambari hydroelectric project, to be built in Peru for export of power to Brazil. (HNN 6/23/08)

Peru, Brazil presidents to meet at trade forum

Peru President Alan Garcia Perez is to meet in September with Brazil President Luiz Inacio Lula da Silva in Sao Paulo, Brazil. Garcia Perez is to open a week-long multinational trade forum in Sao Paulo.

The joint Peru-Brazil chamber of commerce and integration estimates Peru could secure investments of more than US$2 billion as a result of the ExpoPeru 2008 event in Sao Paulo. President Miguel Vega Alvear of the Camera Binacional de Comercio e Integracion Peru-Brasil told Andina that among Brazil’s investment plans is purchase of 5,000 MW from Peru that will require construction of 15 hydroelectric projects. (HNN 2/15/08)

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