Global conglomerate Isolux Corsán has secured €760m contract from the Ministry of Energy and Mines of Peru for the construction of the Molloco hydroelectric power plant in Peru.
The company will develop the 300MW hydropower project as a part of consortium alongside Brazil-based firms, Enex and Engevix.
It comprises two hydro plants located in the provinces of Caylloma and Castilla, and will source water from Molloco River basin and in part from the Palca River.
The project features three reservoirs, the derivation of part of the Palca River to the Illigua River and two adduction conduits.
The two conduits are included for 142MW Llatica hydropower plant and the 159MW Soro hydropower plant.
The construction of the project is scheduled to commence in 2015, and it has an execution period of five years.