GenRent  is pleased to announce that it has won a tender for building and owning a new 70MW HFO power plant in Iquitos, Peru. The project, having a total value of US$100 million, is due to commence operation within 30 months from the signing of the contract. The concession was granted in the form of a BOT project, stating that GenRent will design, finance, construct, operate and provide maintenance of the new thermo-electric plant, for a period of 20 years. In addition to the construction of the power plant, the scope of work includes the construction of a 60kV transmission line to the power plant.

GenRent was selected by Proinversion, the Agency for Promotion of Private Investment commissioned by the Peruvian Ministry of Energy and Mines (MEM). As a dominant global player in the field of energy, GenRent offers its clients reliable power solutions combined with record-breaking implementation periods and competitive pricing. GenRent’s unique position as a provider of both temporary and permanent power plants enables it to provide its clients with optimal power solutions, tailor fit to their exact needs.

"GenRent's track record of construction and operation of reliable power plants in the Brazilian Amazon provides it with the expertise required to overcome unique site challenges such as extremely high humidity and the fact that Iquitos cannot be reached by road" said Avner Kurz, Chairman of GenRent.

"GenRent’s Power Plant will significantly improve the electricity capacity and stability for the 160,000 inhabitants of the Capital of the Peruvian Amazon, currently not connected to the national grid, and have a significant contribution to the economic development of the region" said Dr. Hana-Muriel Setteboun, VP Business Development & Finance of GenRent.

  

-----Ends----

Enquiries to:
Contact Person: Gabriel J. Weill
Tel +357 22 23 22 69 (ext.893)
Email: gabrielw@genrent-international.com

Editor's Notes

GenRent is a leading global provider of temporary power solutions, including development, planning, supply, installation, rental and operation of temporary power plants. Genrent has more than 25 years of experience in providing comprehensive power solutions, 500 employees, a global fleet of more than 750 MW and a worldwide presence.

GenRent specializes in all types of energy solutions, addressing both immediate and short term needs, as well as long term needs, plans and requirements. GenRent’s wide set of power solutions include temporary power plants based on gas turbines, diesel and gas gensets as well as containerized HFO; rental of Gas Turbines; rental and sale of diesel and gas generators; generators installation; and installation of standalone substations.

GenRent International is a leading global supplier of comprehensive, highly reliable power solutions. The Group provides power generation solutions ranging from 250kW up to more than 500MW, addressing a wide range of needs and segments in the power industry. GenRent International provides both temporary and permanent solutions, and offers full flexibility in this regard.

For more information, please visit the company website at http://genrent-international.com/

Tender Win

Released: 27/05/13

GenRent 

END