Enagas secures pipeline gig in Peru

The consortium made up of Spain’s Enagás (25%) and Odebrecht (75%) has been awarded the project for the South Peru gas pipeline put out to tender by the Peruvian government.

The award covers the construction and subsequent operation and maintenance of a 1,000-km-long gas pipeline, which is key for safeguarding supply in Peru. The pipeline is scheduled to be brought on stream for commercial use in 56 months and the concession is for 34 years.

During the construction, Enagás will invest around $250Mn in the project, which will be funded through a project finance structure. The take-or-pay contracts of the infrastructure enable revenue stability to be ensured.

[mappress]