Poyry wins hydro contracts in Peru, Chile

Poyry of Finland announced the Poyry Energy business group has won design services contracts totaling 1.5 million euros (US$1.9 million) for hydroelectric projects in Peru and Chile.

Peru’s 225-MW Santa Rita

Peru developer Electricidad Andina S.A. awarded a contract to Poyry Energy for basic and tender design services for the 225-MW Santa Rita hydroelectric project on Santa River in Peru’s Ancash Department.

The run-of-river project, 400 kilometers north of Lima, is financed jointly by Andina and London-based Trading Emissions plc. (HNN 10/19/06) Santa Rita is to go on line by late 2009 for an investment of US$232 million.

Chile’s 103-MW Coya

Australia developer Pacific Hydro awarded a contract to Poyry Energy for basic and definition engineering services for upgrade and expansion of the 39.3-MW Coya hydropower plant to 103 MW in Chile’s Cachapoal River Valley.

The Coya upgrade is the first step in Pacific Hydro’s US$1 billion development plan for five run-of-river hydroelectric projects on the Cachapoal. (HNN 9/28/06)

The Poyry contract is a continuation of a 2005-2006 feasibility study Poyry performed of the project, 200 kilometers south of Santiago, Chile.

Pacific Hydro bought Coya in 2004 from government-owned copper miner Corporacion Nacional del Cobre de Chile (Codelco). In conjunction with the Coya expansion, Pacific Hydro plans to develop the 115-MW Chicayes project, the first of four projects upstream from Coya. The projects are linked because Chicayes (also spelled Chacayas) and Coya need to function together, Pacific Hydro said.

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