- The project will generate power in a sustainable way, preventing 43,000 tons of CO2 emissions per annum.
- The project exceeds US$50 million.
Abengoa (MCE: ABG.B/P SM /NASDAQ: ABGB), the international company that applies innovative technology solutions for sustainability in the energy and environment sectors, is to construct a 20 MW hydroelectric power plant in the Mamacocha River in Arequipa (Peru) for the owner, Hidroelectrica Laguna Azul. The project will require an investment of more than US$ 50 million. Abengoa will not maintain any ownership interest in the assets it constructs.
Abengoa will be responsible for the engineering, design and construction of the Mamacocha hydroelectric plant. During the construction phase, more than 200 direct jobs and 600 indirect jobs are expected to be generated.
The hydroelectric plant, located between 1,300 and 1,700 meters above sea level, will take water from the Mamacocha Lagoon and discharge it into the river of the same name, taking advantage of the 343 m height difference and a design flow of 6.8 m3 per second. The plant will have a total installed capacity of 20 MW and the generated power will be equivalent to the consumption of 10,000 households.
Energy produced from renewable sources, such as water, can ensure a clean and sustainable power supply as well as reducing greenhouse gas emissions. The Mamacocha hydroelectric plant will prevent the emission of 43,000 tons of CO2 every year.
Abengoa is committed to the development of those communities where access to natural resources is scarce, by developing the necessary infrastructures. During the last 60 years, Abengoa has developed more than 300 water projects exceeding 400 MW of installed renewable power.
This new contract will consolidate Abengoa’s leadership position in Peru where it has been present for 30 years. It has developed numerous electrical infrastructures and water and cogeneration projects in the country, supporting the development of the areas and sectors that it supplies.
Abengoa (MCE: ABG.B/P SM /NASDAQ: ABGB) applies innovative technology solutions for sustainability in the energy and environment sectors, generating electricity from renewable resources, converting biomass into biofuels and producing drinking water from sea water. (www.abengoa.com)
About Hidroelectrica Laguna Azul
Hidroelectrica Laguna Azul is a Peruvian company committed to developing socially and environmentally responsible run-of-river hydropower projects. The Mamacocha hydropower project is the first of a series of projects being developed in Peru.