Enel Green Power SpA, through its renewable energy subsidiary Enel Green Power Peru (EGPP), announced it has started construction of the 20-MW Ayanunga run-of-river hydropower plant located in the Monzon district in the Peruvian region of Huanuco.
Enel said it will invest around US$50 million in the construction of Ayanunga as part of its strategic plan and the plant is expected to begin operations in 2018.
In 2016, Enel made entry into the Peruvian hydroelectric power market through a multi-faceted, 20-year energy supply contract with the Peru’s government.
EGPP will invest about $400 million into a trio of renewable energy plants, which include the Ayanunga project, the 180 MW Rubi solar plant and 126 MW in wind components.
“Peru is a key market for Enel Green Power and the start of construction of Ayanunga marks a step forward in the consolidation of our presence in the Peruvian renewable energy sector”, said Antonio Cammisecra, head of Enel Green Power. “Once fully operational, this plant will add its 20 MW to the 780 MW of hydropower assets the Enel Group already operates in the country. Our aim is to lead the renewable energy development in Peru creating shared value for communities living in areas near our projects.”
The Enel Group was awarded in 2016 the right to sign the energy supply contracts for the Ayanunga plant following the fourth public renewable energy tender launched by the Peruvian energy regulator OSINERGMIN. With a total of 326 MW of wind, solar and hydro capacity awarded in the tender, EGPP is expected to become the main renewable player in Peru by 2018 and the only company operating plants of three different renewable technologies in the country.
In January, HydroWorld.com reported Enel Group signed a 20-year loan agreement with the Brazilian Development Bank worth $115 million to finance the 102-MW Apiacas hydroelectric power complex located in Brazil’s Mato Grosso state.
Apiacas consists of the 45-MW Salto Apiacas, 30-MW Cabeca de Boi and 27-MW Fazenda plants – all of which went on line in November, according to Enel.