Isolux Corsán has been awarded a contract for construction of the 300MW Molloco hydroelectric power plant located in Peru’s southern region of Arequipa – the company’s first hydroelectric project in the country.

Isolux Corsan will build the project as part of a consortium with the Brazilian companies, Enex and Engevix. Located in the provinces of Caylloma and Castilla, the project consists of two hydroelectric plants and will produce energy from the water resources of the Molloco River basin and in part from the Palca river.

The project, coordinated by the Ministry of Energy and Mines of Peru, comprises three reservoirs (Machucocha, Molloco and Japo), the derivation of part of the Palca river to the Illigua river and two adduction conduits, the first to the 142MW Llatica hydropower plant and the second to the 159MW Soro hydropower plant.

The construction of this plant, which will begin in 2015, has an execution period of five years. The estimated total investment, as of the date of commencement of work based on the official studies, and pending completion of definitive studies, will exceed €760 million.