Astaldi-Graña y Montero to build Huanza hydro plant - Peru

Published: Monday, October 26, 2009 17:37 (GMT -0400)More news from Peru

By Business News Americas staff reporters

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Engineering/Construction | Generation - Hydro

Italian construction firm Astaldi and Peruvian company Graña y Montero will build the 90MW Huanza hydro plant in Peru for miner Buenaventura (NYSE: BVN).

The US$116mn contract includes civil works, construction of a roller compacted concrete dam, a 10km tunnel, the machine house and a switchyard, Astaldi said in a statement.

Works are set to start in November and are expected to be completed in 29 months.

Huanza will use water from the Pallca and Conay rivers in Huarochirí province, Lima region.

The project will allow Buenaventura to supply all the power needed at all the mines the group plans to be operating by the time the plant begins operations, company CFO Carlos Gálvez told BNamericas previously.

"Peru has been selected as a country which may offer further interesting opportunities especially in the sectors of energy production and of transport infrastructure," Astaldi's CEO for industrial policies Giuseppe Cafiero was quoted as saying.

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