London-based Rurelec plans to take a 50% stake in Cascade Hydro, which will start life with a 32MW pipeline of smaller run-of-river hydro projects.
This includes Canchayllo, a 4MW project located in Junín Province, east of Lima, which was awarded a power purchase agreement (PPA) in the latest round of Peruvian renewable energy tenders, says Rurelec.
The $8m Canchayllo project is expected to enter commercial operations in 2013.
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