Gas-power project proposed to serve NW Peru, Ecuador

A Houston independent has advanced to the brink of an onshore/offshore project to supply natural gas to northwestern Peru and southwestern Ecuador.The $60-90 million first phase of the project, said newly public BPZ Energy Inc., would involve laying a 10-mile pipe- line to haul gas from Corvina field in the Pacific Ocean to a power plant at Caleta La Cruz, 75 miles northeast of Talara (see map).BPZ would install 140 Mw of gas-fired generating capacity at Caleta La Cruz adjacent to an existing 19 Mw oil-fired power plant operated by ElectroPeru.Overall, BPZ holds exclusive rights and license agreements covering 2.7 million acres on four properties in northwestern Peru and a small nonoperat...

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