A concession agreement is expected to be signed in May for development of a 200-MW hydroelectric project in Peru’s Cusco Department.
Engel y AXIL of Spain and Project International Development of Switzerland and Germany plan to invest US$180 million to build the project on the Salca and Aco rivers in the high zones of Cusco’s Canchis Province.
Engel y AXIL Chief Director Victor Marsal told an April 18 news conference the Cusco project includes a six-kilometer tunnel and a powerhouse with a head of 400 meters, Peru news agency Andina said. Project power is to supply the area’s mining industry.
Cusco President Hugo Gonzales Sayan said the concession agreement could be signed with Peru’s Ministry of Energy and Mines within 30 days.
Gonzales Sayan said preliminary construction of access roads could begin in July, followed by infrastructure work in October or November. The project is expected to be complete in 2010.