December 4, 2017 |
Hydro Global Peru has secured $428m from the China Development Bank for its 205 MW San Gaban III hydroelectric project, the Peruvian Ministry of Energy and Mining said in a statement.
In November last year, the Peruvian Ministry of Energy and Mining awarded Hydro Global Peru a 30-year contract, which involved a capacity charge and sales of electricity generated. The project doesn't come with any sovereign guarantee.
The hydro facility is contracted to be built within five years. Hydro Global Per
CTG, EDP joint venture snares $428m for the San Gaban III hydroelectric plant in Peru