British power developer Rurelec has begun production at the 5.3-MW Canchayllo hydropower project, which is located on the Pachacayo River in Peru’s Junin province.
Rurelec (LSE: RUR) reported it had successfully connected the small run-of-river hydroelectric plant to the grid a month ago, after what as about an 18-month long construction process.
HydroWorld.com reported that Rurelec had secured rights to develop Canchayllo in December 2011, at which point the project was projected to cost US$8 million.
The plant was developed by Rurelec’s indirect subsidiary, Empresa de Generacion Electrica Canchayllo (EGECSAC), which received a loan of $7.2 million for the project from the Inter-American Investment Corporation (IIC) in December 2012.
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