Isolux Corsán Enters Peru Hydroelectric Market With a €760 Million Contract
MADRID, April 23, 2013 /PRNewswire/ --
- The Molloco Hydroelectric Power Plant, with a budget of over €760 million, will be located in the Arequipa region and will have a capacity of 300 MW
- The Group has built two photovoltaic plants in Peru in Arequipa and is building a bridge at 563 metres in length
Isolux Corsán has been awarded a contract for the construction of the Molloco hydroelectric power plant located in the southern region of Arequipa (Peru). This is the company's first hydroelectric project in the country.
The estimated total investment, as of the date of commencement of work based on the official studies, and pending completion of definitive studies, will exceed €760 million.
The Group will build this plant, which will have a total capacity of 300 MW, as part of a consortium with the Brazilian companies, Enex and Engevix. This facility, located in the provinces of Caylloma and Castilla, consists of two hydroelectric plants and will produce energy from the water resources of the Molloco River basin and in part from the Palca river.
The project, coordinated by the Ministry of Energy and Mines of Peru, comprises three reservoirs (Machucocha, Molloco and Japo), the derivation of part of the Palca river to the Illigua river and two adduction conduits, the first to the Llatica hydropower plant (with a capacity of 142 MW) and the second to the Soro hydropower plant (capacity of 159 MW). The 220 kV electric transmission system will go to Cerro Verde. The construction of this plant, which will begin in 2015, has an execution period of five years.
Isolux Corsán in Peru
Isolux Corsán, through its subsidiary T-Solar, has built two photovoltaic plants in the region of Arequipa, Repartición" and "Majes", with an installed capacity of 44 MW in the first large solar PV project developed in Latin America. The capacity of these plants is 80 GWh per year and they can supply a population of 80,000 people.
The company has also recently started construction of the 563-metre Chilina Bridge in this same region.
About Grupo Isolux Corsán
Grupo Isolux Corsán is a global benchmark in energy, concessions, construction and maintenance of major infrastructure and operates in over 30 countries on four continents. The construction of transport, railway, airport, maritime, and hydraulic infrastructure and residential and non-residential buildings are the main growth drivers of the company. In the energy sector, Isolux Corsán is one of the leading operators in the world in energy T&D installation and maintenance, one of the largest builders of EPC projects in the solar photovoltaic industry, and occupies an important position among large builders of power plants under EPC contracts. In addition, the Group manages more than 23,500 parking spaces under concession in Spain. Isolux Corsán manages, through its subsidiary Isolux Infrastructure, concessions for 5,484 km of transmission lines in Brazil, India and the U.S., 1,610 km of highways in India, Brazil, Mexico and Spain and promotes and manages 284.5 MWp of solar PV power plants in Spain, the U.S., India, Italy, Peru and Puerto Rico.
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SOURCE Isolux Corsan