The EPC contract includes the development of a concrete dam, an underground power plant, 9km of tunnels, and 60km of roads accessing the site.
Work on the project – commissioned by Peruvian power distribution company Kallpa Generación – is expected to take four years, with preliminary activities starting this year.
Italian firm Astaldi, which is leading the JV, is currently working on another five projects in Latin America – the 98MW Santa Teresa and 90MW Huanza projects in Peru, 66MW El Chaparral in El Salvador, 125MW Pirris in Costa Rica and the 11MW Chacayes project in Chile.