Peruvian utility Edegel will use US$10.3M worth of five-year bonds to finance upgrades at the 75MW Callahuanca hydro plant.

Upgrades at Callahuanca will help to reduce the need for thermal generation. Earlier this year, the country’s environmental authority Conam certified the project as a clean development mechanism (CDM) project on a national level.

Callahuanca is located on Santa Eulalia river, some 52km from Peru’s capital city Lima.