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Following environmental impact study approval, Peru's Edegel has begun work on the US$185mn Yanango and Chimay hydroelectric projects situated on the Tarma and Tulumayo Rivers respectively, which drain the eastern slopes of the Peruvian Andes, in Junin department, some 300km from the capital Lima.
The US$50mn Yanango plant, designed to generate 42MW, is expected to come on-line by January 2000. Edegel is aiming to complete the US$135mn, 114MW Chimay plant one year later. A substation and 90km of 220kV power lines complete the project.
Edegel is owned by Generandes Peru (60%), Peru's government (30%) and local investors (10%). Generandes is 54%-owned by Chile's Endesa (EOC:NYSE) and the US's Entergy (35%).
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