Rurelec PLC

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Peru

Santa Rita

project image Cascade Hydro

Project Name

Santa Rita

Location

Ancash Province

Capacity

255 MW

Technology

Run-of-River Hydro

Equipment

Francis Turbines

Additional details

Rurelec owns 100 per cent of Cascade Hydro Limited ("Cascade"), a newly formed hydroelectric power development company focused on run-of-river projects.

Santa Rita has an approved Environmental Impact Study and exclusivity over the relevant water rights. The plant is 42-48 months from financial close with a Power Purchase Agreement ("PPA") anticipated in 2018.

Country

project maps peru

Location

Western South America, bordering the South Pacific Ocean, between Chile and Ecuador

Population

29,849,303 (July 2013 est.)

Languages

Spanish (official) 84.1%, Quechua (official) 13%, Aymara (official) 1.7%, Ashaninka 0.3%, other native languages (includes a large number of minor Amazonian languages) 0.7%, other 0.2% (2007 Census)

Government Type

Constitutional Republic

Capital

Lima

Administrative divisions

25 regions (regiones, singular - region) and 1 province* (provincia); Amazonas, Ancash, Apurimac, Arequipa, Ayacucho, Cajamarca, Callao, Cusco, Huancavelica, Huanuco, Ica, Junin, La Libertad, Lambayeque, Lima, Lima*, Loreto, Madre de Dios, Moquegua, Pasco, Piura, Puno, San Martin, Tacna, Tumbes, Ucayali note: Callao, the largest port in Peru, is also referred to as a constitutional province, the only province of the the Callao region

Legal system

Civil law system

Electricity - production

38.7 billion kWh (2011 est.)

Electricity - consumption

34.25 billion kWh (2011 est.)

Country comparison to the world

60

Economy - overview:

Peru's economy reflects its varied geography - an arid lowland coastal region, the central high sierra of the Andes, the dense forest of the Amazon, with tropical lands bordering Colombia and Brazil. A wide range of important mineral resources are found in the mountainous and coastal areas, and Peru's coastal waters provide excellent fishing grounds. The Peruvian economy has been growing by an average of 6.4% per year since 2002 with a stable/slightly appreciating exchange rate and low inflation, which in 2013 is expected to be below the upper limit of the Central Bank target range of 1 to 3%. Growth has been in the 6-9% range for the last three years, due partly to a leap in private investment, especially in the extractive sector, which accounts for more than 60% of Peru's total exports. Despite Peru's strong macroeconomic performance, dependence on minerals and metals exports and imported foodstuffs subjects the economy to fluctuations in world prices. Poor infrastructure hinders the spread of growth to Peru's non-coastal areas. Peru's rapid expansion coupled with cash transfers and other programs have helped to reduce the national poverty rate by 23 percentage points since 2002, but inequality persists and continues to pose a challenge for the new Ollanta HUMALA administration, which has championed a policy of social inclusion and a more equitable distribution of income. Peru's free trade policy has continued under the HUMALA administration; since 2006, Peru has signed trade deals with the US, Canada, Singapore, China, Korea, Mexico, Japan, the European Free Trade Association, Chile, and four other countries; concluded negotiations with Venezuela, Costa Rica, and Guatemala; and begun trade talks with two other Central American countries and the Trans-Pacific Partnership. Peru also has signed a trade pact with Chile, Colombia, and Mexico called the Pacific Alliance that rivals Mercosur in combined population, GDP, and trade. The US-Peru Trade Promotion Agreement entered into force 1 February 2009, opening the way to greater trade and investment between the two economies. Although Peru has continued to attract foreign investment, political activism and protests are hampering development of some projects related to natural resource extraction.

Information taken from CIA Worldfact Book

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