Proinversion, the investment-promotion agency in the country, awarded contracts to Consorcio Generacion Pucara, which is owned by the Peruvian firms Graña y Montero and Egecusco; Cerro del Aguila S.A, part of Israel’s Kallpa; and Empresa de Generacion Huallaga, a subsidiary of Brazil’s Odebrecht, the Fox News Network reported.

Under the terms of the contract, Empresa de Generacion Huallaga will build the 406MW Chaglia hydroelectric power station in the central Huanuco region, Consorcio Generadora Pucara will construct the Pucara project in the southeastern Cuzco region, while Cerro del Aguila will develop a 400MW project in the southwestern Huancavelica region.

The three hydroelectric plants are expected to cost approximately $1.7B to develop, and are expected to come online in 2016.