Patricio Zambrano Barrigan

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Chapter 3. Regional Perspectives. Chile’s HidroAysén and Perús’ Inambari Projects

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website10—requires all projects to undergo full technical, feasibility, economic, social and environmental feasibility studies and to respect local “sustainable development” principles and regulations. •

Set a maximum capacity for development. While the 2007 report presented a portfolio of options that added up to almost 20,000MW, the Peruvian government capped projected capacity at 6,000MW. Brazil would eventually agree to this figure plus a 20% margin—a total 7,200MW.

Assign financial responsibility for the cost of transmission infrastructure. Brazil is expected to underwrite grid connection to the new hydro plants across its border, while Perú will pay for the lines needed to connect the projects to the Peruvian system.

Set the length of the contract for the dispatch and sale of energy to the Brazilian market. The final period was set at 30 years, during which installed and effective capacity will remain fixed. Though the final document does not specify the breakdown of electricity sales across the two national markets, previous memoranda of understanding use an 80-20% Brazil-Perú split as reference.

The agreement does not explicitly mention the plants that will be built. However, in the years that followed, five projects have emerged, in numerous documents issued by Perú’s MEM, as the likely candidates to meet the 6,000-7,200MW capacity target. (Fig. 24) Two projects, Inambari (2,000MW) and Pakitzapango (2,200MW), represent close to 60% of the total capacity for export to Brazil. !

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