Peru’s Ministerio de Energia y Minas granted a concession to Empresa de Generacion Electrica Amazonas Sur to perform a feasibility study of the 1,500-MW Inambari hydroelectric project in Peru.
Peru’s Andina news service said the energy ministry granted the concession for 24 months.
Brazil and Peru agreed in May to build the project in Peru with plans to export electricity to northern Brazil. (HNN 5/21/08) At that time, the international director of Brazil construction company OAS, Augusto Cesar Ferreira, said OAS and Brazil federal utility Furnas Centrais Eletricas S.A. applied for the temporary concession to complete feasibility studies and plan to invest US$2 billion to build Inambari.
Peru’s government said US$2 billion would be required to build Inambari 300 miles from the Brazil border on the borders of Peru’s Puno, Cusco, and Madre de Dios departments. Construction could begin in 2009 with commencement of operation by 2012.
In performing the study, Amazonas Sur 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 will forfeit a guarantee to the Direccion General de Electricidad.
Brazil and Peru are considering building 14 more hydroelectric projects in Peru. The bulk of the energy from the planned dams would be exported to Brazil.