GDF SUEZ, through its subsidiary EnerSur, has won a bid to build and operate a 500 MW thermal plant in Ilo, in the south of Peru. Initially, the plant will operate with diesel to offer stability to the electricity system in Peru, and later with natural gas once the gas pipeline currently under development is completed. The total investment cost for the project is estimated at US$500m. The project is backed by a 20 year Investment Agreement with the Peruvian State. The plant will supply energy to households and industrial companies and is expected to enter in commercial operation in 2017.
In June 2013, GDF SUEZ commissioned the 460 MW Ilo Cold Reserve thermal power plant, and through its 61.7% interest in EnerSur, the Group currently has almost 2,000 MW of production capacity in Peru. It is one of the largest operators of power capacity in the country with a portfolio of thermal and hydropower plants.
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