GDF Suez to invest millions in hydropower, thermal power projects in Peru

France-based utility group GDF Suez announced it will invest about 450 million euros (US$600 million) in Peruvian hydro and thermal power plants after winning a power supply contract in Peru.

GDF Suez’s Enersur S.A. unit was awarded a long-term contract to supply 662 megawatts of power in an auction conducted by electricity distribution companies in Peru. The contracts are for electricity supplies for 2013 through 2025.

Energy will be supplied from Enersur’s existing capacity, and through the construction of a hydroelectric power plant, Quitaracsa I, located 500 kilometers northeast of Lima, wire services reported. The Quitaracsa I hydroelectric power plant will have an estimated capacity of 112 megawatts and will be part of the national grid.

In addition, GDF Suez’s existing ChilcaUno thermal power plant will be converted to combined cycle, increasing the plant’s capacity by approximately 270 megawatts, wire services reported. The projected capacity of the plant – which is located near Lima – is 800 megawatts.

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