Odebrecht signs Peru power plant contract

Odebrecht SA, a Brazilian construction and engineering company, signed a contract to build a $608m hydroelectric plant in Peru’s central Andes, the government said. Odebrecht’s Empresa de Generacion Huallaga unit aims to complete the 360-megawatt project by July 2016, Peru’s Energy and Mines Ministry said today in an e-mailed statement. The plant in the Huanuco region will generate electricity using water from the Huallaga river.