IDB launches Venezuela mini-hydro project

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Thursday, October 16, 2014

Multilateral IDB and the Venezuelan government launched a project to promote the development of small-scale hydroelectric plants in southern Venezuela and the Los Andes region.

Project objectives include the design, construction and launch of at least eight new mini-hydros (50-500kW capacity) and the rehabilitation of at least three existing small-scale plants, an IDB procurement document said.

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IDB's Global Environment Facility is providing US$4.66mn of financing, with another US$16.8mn coming from the Venezuelan government.

A previous study identified suitable sites totaling an estimated 100MW of potential mini-hydro capacity in southern Venezuela and the Los Andes region. The same study identified 88 primarily indigenous communities located fewer than 2.5km from suitable rivers, who would benefit from small-scale hydro plant development, the bank said.

Interested parties have until March 4, 2015 to present proposals.

BNamericas will host its 11th Southern Cone Energy Summit in Lima, Peru, on November 12-13. Click here to download the agenda.