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Chaglla hydropower dam, Peru, during impoundment.

Power to Peru

One of the world’s largest concrete-faced rockfill dams has been constructed at Chaglla, Peru, and will provide 6% of the country’s total electricity (13% of the total hydropower capacity).

The Bank of New York Mellon (on behalf of senior lenders)
Technical, financial and contractual support

The project's sheer size and complexity, along with the dam type and topography, posed significant potential risks that needed clear identification and management to reassure lenders.

We reviewed all technical and contractual components to achieve successful financial close of the US$1.2bn project, followed by regular construction monitoring.

The project has already brought many positive social impacts to the local community including the creation of 2500 direct jobs and 10,000 indirect jobs.

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