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IC Power wins $1 billion power plant deal in Peru

IC Power has won a government tender worth $1 billion over 20 years to build a power plant in Peru that will provide reserves for the national power grid, IC Power's parent company Israel Corp said on Sunday. Current power consumption in Peru is 5,500 megawatts and the new plant will provide an additional 590 megawatts, Israel Corp said. IC Power is involved in producing some 35 percent of Peru's electricity, the company said.

Under the deal, IC Power will build the plant in Mollendo, a town in southern Peru, by 2016. In the first stage, it will produce 590 megawatts via diesel.

Copyright Reuters, 2013



 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln