Rurelec has been granted the exclusive right to develop a gas fired power plant in the Amazonian region of Northern Peru using potential gas from Block 183. Development of the power plant, which is initially planned to be 120 MW based on two aero-derivative gas turbines, will be conditional on suitable gas reserve figures being substantiated since the proposed plant is on an isolated gas field rather than linked to an existing gas pipeline. However the location of Block 183, which is close to the important city of Tarapoto where there are currently power constraints, makes it an excellent site for new Peruvian thermal capacity to complement Rurelec's portfolio of hydroelectric plant being constructed by Rurelec's Cascade Hydro subsidiary. Rurelec is proceeding with the initial design and engineering works for the Block 183 power project following the signature of an agreement with Peru Oil and Gas Exploration Limited, which owns the rights to Block 183.
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