El Platanal hydroelectric power plant to start ops 2009

The Peruvian hydroelectric power plant (HPP) El Platanal will start operation in 2009, the head of the plant's owner Compania Electrica El Platanal (Celepsa), Pedro Lerner, said on February 18, 2008.

It will be the second biggest hydroelectric plant after Central Hidroelectrica de El Mantaro. El Platanal will be located in the provinces of Canete and Yauyos, on the Canete river. The second phase of the project also includes a second hydropower plant in the Morro de Arica region in the distant future.

Investments in El Platanal's construction are estimated at $200 mln (136.77 mln euro).

Celepsa's shareholders are Peruvian cement makers Cementos Lima SA, Cemento Andina SA and local steel producer Corporacion Aceros Arequipa SA.

Publication: Business Digest
Provider: AII Data Processing Ltd.
Date: February 18, 2008