Moquegua FV Solar Power Plant

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In September 2011, Moquegua FV S.A.C., a subsidiary of the Spanish company Solarpack Corporacion Tecnologica, was granted the right to build and operate a solar power plant located in the province of Mariscal Nieto. The power plant was named Central Solar Moquegua FV (16 MW). The license was awarded by the Federal regulators October 2012. The sponsor committed to invest US$ 43 million in the construction of the power plant. The sponsor signed power purchase agreements to sell the electricity from the power plant at a rate of US$119.90/Mwh. In June 2012, the sponsor applied for carbon credits. In August 2014, OPIC approved a US $41.5 million 18-year-6-month loan to the project. Construction works commenced in the second quarter of 2014. As of November 2014, 85% of the construction works were concluded. Operations were expected to begin in March 2015.