PE Santa Rosa Hydro Carbon Finance

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The Peru Santa Rosa Hydropower Project aims to provide a new venue for investing in projects in the Peruvian power sector that contribute to global greenhouse gas Certified Emission Reductions. The project is comprised of two components: Santa Rosa I, II, and III hydropower plants, one of which is already operating, will increase the national grid's power generation and provide a percentage of its energy production for sale in the spot market. The World Bank as trustee of the Community Development Carbon Fund will purchase the first Carbon Emissions Reductions generated by the project. The total CER purchases include recovery of project preparation expenses such as those related to baseline establishment, validation, monitoring, verification, and certification. The World Bank will also have the option of purchasing 62,400 tons of carbon dioxide equivalents generated by the project after the contract Emissions Reductions have been delivered.