El Carmen and 8 de Agosto Small Hydro Power Plants
Sector: Commercial • Location: Peru
Source: World Bank Group
The Peruvian company Andean Power Generation S.A.C. (Union Group) announced the development of El Carmen (8.4 MW) and 8 de Agosto (19 MW) small hydro power plants, located in the Monzon district, Huanuco department (27.4 MW in total capacity). The special purpose company Generacion Andina SAC was created to manage the project. The sponsor was granted a 20-year power purchase agreement to sell elec
- Status
- Prospective
- Sector
- Commercial, Power Generation (CCGT), Hydro, Government
- Location
- Peru
- Updated
- 22 Jul 2026
- Source
- World Bank Group
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Project Information
Participants
Sponsoring Agency |
Status
Original status | Active |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | The Peruvian company Andean Power Generation S.A.C. (Union Group) announced the development of El Carmen (8.4 MW) and 8 de Agosto (19 MW) small hydro power plants, located in the Monzon district, Huanuco department (27.4 MW in total capacity). The special purpose company Generacion Andina SAC was created to manage the project. The sponsor was granted a 20-year power purchase agreement to sell electricity to the grid for US$ 53.9/MWh. The investment in both power plants was estimated at US$ 83.2 million. Financial closure was achieved in July 2015, when the sponsor was granted US$ 59 million in loans from DEG (US$ 49 million) and FMO (US$ 10 million). The remaining capital (US$ 29 million) expenditures were set to be financed with equity, including a US$ 3.5 million equity investment from the IIC. The construction works started in 2015 and the commercial operations were scheduled to commence in the first quarter of 2016. |
Original sector | Energy |
Budget |
Location
Country | Peru |
Source
Source | World Bank Group |
URL |
More Details
Record type | Project |
Sector | Commercial, Power Generation (CCGT), Hydro, Government |
Article published date | 2024-09-21 |
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