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Sempra-controlled Luz del Sur, Peru's principal power distributor, is the project developer.
During Sempra's second quarter earnings presentation, Reed said that other Peruvian hydroelectric projects include Santa Teresa II, with a potential design capacity of 250-300MW.
Reed said: "We're progressing on environmental and feasibility studies and have begun conducting local outreach."
In addition, feasibility and design assessment of two hydroelectric projects in southern Peru with a combined potential of 350MW is underway, she added. A decision on all three projects is expected by early next year.
Snell said: "Energy reform in Mexico is going to produce billions and billions of dollars of capital opportunities for companies that have a history of operating in Mexico and our positioning with our IEnova subsidiary probably makes us the premier energy company to bid on these competitive projects."
California-based Sempra's regional footprint includes Chile.
BNamericas will host its fourth LatAm Power Generation Summit in Santiago, Chile, on August 13-14. Click here to download the agenda.