GDF-SUEZ to invest in Chile and Peru

• 14 years ago (2010-08-04)
• David Flin

Africa 323 Asia 897 Australasia 57 Biomass 8 Climate change 21 Coal 299 Cogeneration 1 Concentrating solar 5 Cyber security 8 Decarbonisation 1 Decentralised energy 6 Demand side management 3 Demand side response 2 Digitalisation 10 Distributed energy 10 Distribution 125 Electric vehicles EVs 4 Emissions 65 Energy management 2 Equipment 2 Europe 1094 Gas 395 Gas engine plant 66 Gas fuel 2 Horizon 2 Hydroelectric 17 Hydrogen 63 Hydropower 134 Latin America 81 Maintenance 3 Marine 1 Metering 2 microgrid 5 Middle East 328 North America 1026 Nuclear 665 Offshore wind 121 Oil 19 Operations 4 Policy 9 Regulations 3 Renewables 780 smart grid 2 Solar 277 Storage 45 substation 8 Tepco 2 Tidal 2 Toshiba 4 Transmission 195 US Senate Washington 4 Wind 261

---

The French power company GDF-Suez has announced that it plans to make a significant investment in a series of energy projects in Chile and Peru.

GDF-Suez’s president, Gerard Mestrallet, recently visited Chile to formally open a new regasification terminal. Chile’s President Sebastian Pinera was present at the ceremony. GDF-Suez has said that it invested €390 million in the project.

Following his meeting with the Chilean president, Mestrallet met Alan Garcia, President of Peru. It is believed that GDF-Suez will invest around €470 million to finance energy projects in Peru over the next four years. In April 2010, GDF-Suez announced that it would invest approximately €450 million in two hydroelectric power plants in Peru’s Lima and Ancash regions.

In April, GDF-Suez also participated in the first long-term energy auction organised by distribution companies in Peru for the supply of 2990 MW of electricity for the period from 2013-2025. Through its subsidiary EnerSur, GDF-Suez was awarded, in the four bidding processes that were held, a total of 662 MW, representing total estimated revenues of approximately €1.5 billion.