GDF Suez and Spain's Endesa are to construct new generating capacity in Peru after winning international tenders in the country.
Endesa has won a contract to expand the Malacas thermal power plant in Piura, northern Peru, while France-based GDF Suez is to build a new 400 MW power plant in Ilo, southern Peru.
Both firms will execute the projects through their respective Peruvian subsidiaries. They won the contracts after participating in the 'Electricity Generation Cold Reserve' tender held by Peru's Ministry of Energy and Mines.
Through Empresa Eléctrica de Piura (EEPSA), Endesa is to invest $105 million to add 200 MW of dual open cycle capacity to the Malacas thermal plant. The project will provide additional energy to Peru's National Interconnected Electricity System (SEIN), and is slated to come on stream in the first half of 2013.
GDF Suez will execute the Ilo contract through EnerSur, the second largest private electricity generation company in Peru. The dual open cycle plant will require around $200 million of investment and will come on stream in 2013, says GDF Suez.
Both projects will enhance energy security in Peru, where energy demand is growing due to sustained economic growth.
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