Peru run-of-the-river developers seek funding

Wednesday, November 5, 2014

Companies developing run-of-the-river power projects in Peru are looking to secure multilateral financing.

Huaura Power Group seeks up to US$20mn from the Inter-American Investment Corporation (IIC) for Yarucaya (17.4MW), according to information from the lender.

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Generación Andina is asking for investment of up to US$5 million in common stock from IIC for projects El Carmen (8.4MW) and 8 de Agosto (19MW).

IIC's board is scheduled to consider the financing requests next month.

Yarucaya is planned for Lima region with start of commercial operations penciled in for December 31, 2016. El Carmen and 8 de Agosto are planned for Huánuco region with start of commercial operations scheduled for December 31, 2015.

The companies picked up PPAs for the planned hydros in the country's renewable energy auctions.

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