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Polaris Infrastructure switches on 28 MW of HPPs in Peru

Author: Matt Berlin. License: Creative Commons, Attribution-ShareAlike 2.0 Generic

January 7 (Renewables Now) - Canadian renewables developer Polaris Infrastructure Inc (TSX:PIF) on Monday said it has brought online two run-of-river hydropower plants (HPPs) with a combined capacity of 28 MW in Peru.

The 8-MW El Carmen HPP became operational on November 30, while the 20-MW 8 de Agosto HPP reached commercial operation on December 25. A 60 km (37 miles) transmission line owned by Polaris connects the two projects, located in the Huanuco region of Peru, to the national grid.

Under the power purchase agreements (PPA) for the two projects, they had to become operational by October 28. However, the Peruvian Ministry of Energy and Mines has given the projects more time to reach completion, with new dates in the first quarter of 2020.

Polaris acquired the two HPPs in October 2018 when it bought hydropower developer Union Energy Group Corp (UEG) and its portfolio of assets in Peru with a total capacity of 242 MW.

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Before joining Renewables Now, Alex was a UK-focused business news reporter. Now she is covering global news from the renewable energy industry with a special interest in M&A.

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