Statkraft opens Peru HPP

22 September 2015

Statkraft says it has formally opened the Cheves hydropower plant in Peru, its ninth power plant in the country.

The new hydropower plant is located 130 km north of the capitol Lima, on the Huaura river. The power station consists of two aggregates with a total installed capacity of 172 MW and exploits a gross head of 600 m.

The Cheves power plant is the first greenfield project developed and constructed by Statkraft alone in South-America.

Cheves started commercial operations in late August, and will have a annual generation of around 840 GWh. The electricity generated will be sold on a long-term Power Purchase Agreement (PPA) with eight local distribution companies.

"The opening of Cheves consolidates Statkraft's position among the largest power producers in Peru," said Statkraft's EVP of International Hydropower, Asbjørn Grundt. "It also underlines our ambition to further strengthen our position as a leading international provider of pure energy. Our efforts in South America play a very important role in this strategy."

Statkraft has been present in Peru since 2003, first through its subsidiary SN Power and since June 2014 as Statkraft Peru. Together with the state-owned investment fund Norfund, Statkraft now owns and operates nine hydropower plants in the country, with a total capacity of 443 MW and an annual power production of about 2500 GWh.

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