GDF-SUEZ to invest in Chile and Peru

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

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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.