SN Power’s Cheves project wins Peru contract

Norway’s Statkraft Norfund Power Invest (SN Power) has been awarded a contract to supply power generated by its 168-MW Cheves hydropower plant to state-owned distribution companies in Peru.

SN Power won the 15-year supply contract in a power purchase agreement auction held Oct. 13. SN Power already owns and operates 271 MW of hydropower generation in Peru through subsidiaries SN Power Peru, Cahua SA, and Electroandes SA.

“Peru with its continued prosperity and growth potential is an important market for SN Power,” said Oistein Andresen, chief executive officer of SN Power.

The Cheves hydropower plant is on the Rio Huaura, about 81 miles north of Lima, Peru.

SN Power said Cheves will displace some of Peru’s thermal power production. In addition, the UN confirms the project will reduce carbon dioxide emissions by about 394,000 tons a year, the company said.

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