Endesa to invest $ 500 mm through 2012 in Peru

Oct 30, 2007 01:00 AM

Spanish power company Endesa plans to invest $ 500mn through 2012 in Peru in generation, distribution and transmission, according to Endesa Internacional general director Pedro Larrea.
Endesa this year will invest $ 100 mm in the South American country. One project entails the installation of open cycle gas turbines at the Santa Rosa thermo plant, which is due to begin operations in 2009 and will use Camisea gas, the executive said. Minimum investment is $ 90 mm-100 mm.

Endesa has a 30% share of Peru's power sector and "we want to continue maintaining that position," Larrea said. Endesa also could evaluate entering the renewables market in Peru if there are the necessary economic and regulatory conditions, he said.
"For now, we have nothing concrete as the government is giving priority in the power sector to universalizing service and improving supply."

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