BPZ Resources of Houston received a permit from Lima's Energy Ministry to build a gas plant in northern Peru near the border with Ecuador this week. The plant, to be supplied by BPZ's offshore Bloc Z-1 field, will fuel a 135-megawatt power plant after $120 million in financing is procured from the World Bank's International Finance Corp. The project is part of $10 billion in energy investment commitments expected in Peru over the next seven years, including a $3.8 billion export project by Dallas-based Hunt Oil Co. (Bloomberg [2], Dec. 4)
See our last post on Peru [3].
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