Tuesday, June 24

Local government gets in on power project

Peru region, govt agree on Yuncan power: "Luis Guiulfo, president of state investment agency ProInversion, said the winner of the 30-year concession will be required to put the 130-megawatt plant in operation by 2005. ProInversion has set a base price of $62 million for the plant, which is still under construction. The winner of the concession will be the bidder who offer the highest price for the plant." A key issue over the next couple of years is how local governments are incorporated into investment projects so that they feel ownership and give outside investment as necessary and fair.

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