Sempra to fire up Peru plant, eyes Mexico opportunities

Thursday, August 7, 2014

Sempra Energy will this month commission Peruvian hydroelectric complex Santa Teresa (90.7MW), according to CEO Debra Reed.

Sempra-controlled Luz del Sur, Peru's principal power distributor, is the project developer.

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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.

Reed and Sempra president Mark Snell also highlighted opportunities presented by Mexico energy reform, reiterating comments made by local affiliate IEnova executives in recent days.

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.