GDF SUEZ wins bid for 500 MW power plant in Peru

December 2, 2013

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. The total investment cost for the project is estimated at USD500 million. 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.  

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.

Gérard Mestrallet, Chairman and CEO of GDF SUEZ commented: “GDF SUEZ entered the Peruvian power market in 1997, and has since invested over USD 1.5 billion in the energy sector.  With this new project we will consolidate our leading position as a power producer in the country and as an important contributor to the economic and social development of Peru”.

In June 2013, GDF SUEZ commissioned the 460MW 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 the largest operator of power capacity in the country  with a portfolio of thermal and hydropower plants.

Latin America currently represents the largest market for GDF SUEZ outside Europe. The Group operates more than 10% of its power generation facilities in this continent.

GDF SUEZ develops its businesses (power, natural gas, energy services) around a model based on responsible growth to take up today’s major energy and environmental challenges: meeting energy needs, ensuring the security of supply, fighting against climate change and maximizing the use of resources. The Group provides highly efficient and innovative solutions to individuals, cities and businesses by relying on diversified gas-supply sources, flexible and low-emission power generation as well as unique expertise in four key sectors: independent power production, liquefied natural gas, renewable energy and energy efficiency services.GDF SUEZ employs 138,200 people worldwide and achieved revenues of €82 billion in 2012. The Group is listed on the Paris, Brussels and Luxembourg stock exchanges and is represented in the main international indices: CAC 40, BEL 20, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe, ASPI Eurozone, Euronext Vigeo Eurozone 120, Vigeo World 120, Vigeo Europe 120 and Vigeo France 20.

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