Peru generator Empresa de Generacion Electrica Machupicchu S.A. (Egemsa) plans to launch bidding soon for the second phase of the 107-MW Machu Picchu hydroelectric project, expanding the plant to 206 MW.
Egemsa President Victor Tomaylla said the company would invest US$115 million in the expansion program, Business News Americas reported.
In a statement issued by Egemsa’s controller, state business financing fund El Fondo Nacional de Financiamiento de la Actividad Empresarial del Estado (Fonafe), Tomaylla said Peru’s Ministerio de Energia y Minas approved project construction.
Tomaylla also said bidding is under way to build the first stage of the 129-MW Santa Teresa hydroelectric project, 3.8 kilometers downstream from Machu Picchu.
For information, contact Empresa de Generacion Electrica Machupicchu S.A., Avda. Machupicchu s/n, Central Termica Dolorespata, Cusco, Peru; (51) 84-233719; Fax: (51) 84-238950; E-mail: firstname.lastname@example.org; Internet: www.egemsa.com.pe.