We are very pleased that this significant milestone has been reached within budget and ahead of schedule. The Peruvian Hydro Project is set to become another lucrative asset in our growing portfolio of renewable energy projects
(PRWEB UK) 6 July 2012
The Taurichuco Hydropower Project in Peru has been accepted and registered with the UNFCCC. The project is developed by Eco Global Markets Ltd, a London-based carbon management company, and Hidroeléctricas Asociadas del Perú S.A. (HAPSA) – a company formed by the local stakeholders with experience in the energy sector. As part of the project, hydroelectric power plants will be located in the middle basin of Rupac River, in Huallabamba district, Sihuas province, and Ancash region.
The purpose of the project is to provide electricity to the national electrical grid named National Interconnected Electricity System (SEIN). It will have an installed capacity of 13.76 MW and an annual energy generation of 74.43 HWh/year. The project is a track of the river facility that captures water from the Rupac River and uses two vertical axis Francis turbines and two electrical synchronous generators. The electricity will be transmitting via 24km of transmission line to the Sihuas substation, connecting the project to the Huayanca-Sihuas line that is part of the SEIN.
The project will reduce the GHG emissions by transferring thermal electricity generation from the SEIN that will then be generated by the thermal plants. There is an estimated annual average of 335,117 tCO2e in GHG emission reduction during the first crediting period, and the project is expected to have a lifetime of 30 years.
The boundary of the project comprises the physical and geographical site of the renewable electricity generation source, which also involves the project electricity system. The project boundary covers the located area of the project and transmission lines, until the SEIN connection. The project activity will produce new electricity from the renewable sources that will transfer electricity generation in the SEIN from the thermal plants with sources like natural gas, diesel and coal. The project activity will start in January 2013.
This project is the first of four in the area to be undertaken by Eco Global Markets and it’s partners.
Eco Global Markets is delighted with the project acceptance.
‘We are very pleased that this significant milestone has been reached within budget and ahead of schedule. The Peruvian Hydro Project is set to become another lucrative asset in our growing portfolio of renewable energy projects.’ – Robert O’Brien (Managing Director)