Sindicato Energetico, S.A.

repaid

The project consists of a 15.4 MW hydroelectric plant, the Poechos Hydroelectric Project, to be constructed on the toe of the Poechos irrigation dam located in the district of Piura that is in the northern Peruvian province of Sullana approximately 30 km from the border with Ecuador. The project will obtain 45m3/s of water from the 930,000 million-m3 Poechos dam that was completed in 1979 to provide irrigation for 110,000 ha in the Chira and Piura valleys. The project will rely on flows of water dictated by irrigation demands and as such is expected to generate about 70GWh of electrical energy per year. The power plant project will consist of the following components: a steel penstock connected to an existing steel discharge pipe at the base of the dam, a powerhouse equipped with two Kaplan turbines which drive two 9.5 MVA generators, a switchyard located near to the powerhouse, and a 35 km long overhead transmission line from the switchyard to the Sullana substation of the national electrical grid. After exiting the generators the water will be discharged into the pre-project, energy dissipater of the Poechos dam and fed into the irrigation system. The energy to be produced by the Poechos Hydroelectric Project will be sold to Electronoroeste, S.A., the concessionary for energy distribution in northwestern Perú, under a Power Purchase Agreement. The total cost of the project is nearly US$16.3 million, of which the IIC will provide US$8,5 million under an A and B loan structure.