Arequipa expects Perus state agency for promoting private investment ProInversión to award the concession of the Majes-Siguas II hydro project by August 15.
Project manager Ronald Arenas will propose the date to ProInversión this week. While the date is supported by Arequipas government, it will also depend on the projects financial advisor, Lima-based Latin Pacific Capital, which is expected to complete studies within 45 days. Once Latin Pacific Capital is finished, ProInversión officials will confirm the deadline to submit technical and financial offers. Authorities could seek to attract more companies to take part in the project as long as the final deadline is kept.
Majes-Siguas II is the second stage of the project which began with construction of the Condoroma dam more than 10 years ago. Second-stage works include building three hydroelectric plants - Tarucani (98MW), Lluta II (116MW) and Lluclla (316MW) - constructing the Angostura dam, and installing water-transport infrastructure and an irrigation network.
Publication: Euclid Infotech - Utilities News
Provider: Euclid Infotech
Date: February 7, 2008
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