Iberoperuana Inversiones is developing a $240 million, 240 MW wind farm on Peru's southern coast, the Associated Press reports.

Peru Energy Minister Juan Valdivia Romero says the park will provide electricity to more than 80,000 families and that production will reach 20 megawatts by the end of 2008.

Iberoperuana is building the wind farm in the district of Paracas and inaugurated the first turbine of the wind park on Sunday.

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