Kuntur and Odebrecht to sign agreement to develop Andean Gas Pipeline Project in southern Peru

Gas Transport Company Kuntur and Brazil's construction company Odebrecht will sign an agreement that will allow the Brazilian conglomerate to join the consortium led by Kuntur, responsible for the development of the Andean Gas Pipeline project in Southern Peru, which means that the work team for this project is already consolidated.

The Andean Gas Pipeline project in Southern Peru, led by Kuntur, will transport natural gas from fields located at Cusco region up to 16 provinces in southern Peru, including cities of Cusco, Arequipa, Matarani (Arequipa), Juliaca (Puno) and Ilo (Moquegua) with and investment of about 1,3 billion dollars.

"The signing of this agreement means that we will count with the vast experience and prestigious of Odebrecht in the construction of big energy projects", said the executive president of Conduit Capital Partners, parent company of the Peruvian Gas Transport Company Kuntur.

In turn, Odebrecht investment manager Luis de Castro stated that the company is pleased to join this project and contribute its experience in works of same nature.

Publication: Andina - English Newswire
Provider: Andina
Date: August 28, 2008