Kallpa Generación (formerly Globeleq Perú) was founded in 2005 to engage in electricity generation and transmission. At that time, the company belonged to Globeleq Ltd., a subsidiary of CDC GroupPlc. of the United Kingdom.
In June 2007, InkiaEnergy, a subsidiary of Israel Corporation, acquired the electrical generation assets property of Globeleq Ltd. in Latin America and the Caribbean, comprising seven companies operating in six countries: Peru, Bolivia, El Salvador, the Dominican Republic, Panama and Jamaica. As a result, the trade name of Globeleq Perú was changed to Kallpa Generación.
In November 2009, Quimpac S.A.A., a Peruvian company specialized in chemical products and one of the five largest producers of chlorine/soda in South America, acquired 25.1% of Kallpa Generación through a capital increase.
During the first several years of the company’s existence, efforts were focused on designing and making the Kallpa I project a reality. This project consisted in the construction and commissioning of a generator turbine powered by natural gas from Camisea. This turbine commenced operations on July 1, 2007.
In June 2009, the second turbine entered into operation, and in March 2010, the third and last turbine of this kind, entered into operation.
The fourth phase of the project is the installation of a steam turbine to outfit the plant with a combined-cycle system, which will have a total installed capacity of 850.7MW. This project is scheduled to commence commercial operation in September 2012 and will make us the largest gas powered electrical power plant in Perú.
The company is also assessing the construction of the Cerro del Águila Hydroelectric Power Plant in the province of Huancavelica, with an installed power of 400 MW.