GDF Suez was recently awarded rights for development of 662 MW of power generating capacity in Peru. Having won in four bidding processes, the company's subsidiary in Peru, EnerSur, secured rights for the development of hydropower and thermal power plants. The total investment for all the awarded capacity is estimated at about EUR 1.5 billion.

One of the projects is interesting for this site, being a renewable energy project, and that is the Quitaracsa I hydropower project. It is to be located about 500 km to the northeast of the country's capital Lima, in the Ancash region. It will have an estimated power capacity of 112 MW, and will be connected to the national power grid once completed.

Peru is experiencing growth in energy demand, as the country progresses into a more developed future. Projects such as these are part of a larger effort to increase the energy supply base in the country.

GDF Suez is not a newbie in the Peruvian energy market, having already completed a couple of energy projects in the country before, one of which is another hydropower project, the Yuncan. The company is also involved in gas transportation in the country.

[source: GDF Suez]