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Dec. 1 (Bloomberg) -- The Inter-American Development Bank approved a $150 million loan for the construction of what will be Peru’s second-biggest hydroelectric plant.
A unit of Brazil’s Odebrecht SA is building the $1.2 billion plant, which will produce 406 megawatts, the Washington- based lender said in a statement on its website today. The plant’s output will represent 13 percent of Peru’s hydropower capacity once it is completed in 2016, the bank said.
--Editor: Robert Jameson
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