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GDF Speeds Power Plant on Mining Demand, Gestion Says

GDF Suez SA (GSZ)’s Peruvian unit plans to complete a 460-megawatt power plant sooner than previously scheduled as mining projects boost electricity demand, Gestion reported.

Enersur SA (ENERSUC1) General Manager Alex Keisser said the diesel- fired plant in the southern port of Ilo will begin operating in June, four months earlier than scheduled, the Lima-based newspaper reported. Enersur has also proposed adding 100 megawatts of generating capacity in the area, according to Gestion.

Keisser said Peru has lined up $25 billion in mining investment commitments in the southern Andes, which will more than double electricity demand to 2,200 megawatts by 2016, the newspaper reported.

Enersur, which plans to invest $1.5 billion in power plants through 2016, has signed supply contracts with Xstrata Plc (XTA)’s Las Bambas copper mine, Southern Copper Corp. (SCCO) and Cia. Minera Antamina SA, Gestion said.

To contact the reporter on this story: Alexander Emery in Lima at aemery1@bloomberg.net

To contact the editor responsible for this story: James Attwood at jattwood3@bloomberg.net

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