Empresa Generación Eléctrica de Junín (EGE Junín) has been awarded the concession for Peru's 83 MW Tulumayo hydroelectric project.
Peruvian authorities have granted a definitive concession for the project, to be developed by EGE Junín's special purpose vehicle (SPV) Tulumayo-V SAC.
The company obtained environmental licences for the hydroelectric plant and associated transmission lines back in December 2014.
To be located in the central highlands region of Junín, the project will be a run-of-river hydroelectric plant with an installed capacity of 83.2 MW. It is to be developed in the districts of Comas, Mariscal Castilla, Apata and Monobamba. The Tulumayo river will serve as the site's water source.
With a total investment cost of US$140 million, the project also involves the installation of associated transmission lines for grid connection. Construction of the site is expected to last 42 months.
Peru's Energy and Mines Ministry (MEM) announced that the new energy infrastructure is aimed at improving the reliability of electricity supply in the south of the country.
According to an MEM report, maximum load demand grew by 4.53% and power sales to end consumers rose 5.7% countrywide since last year.