Peru has an electricity sector project portfolio amounting to US$ 6,025 million, which will be executed in the next nine years, emphasized the representative of the Ministry of Energy and Mines (MINEM), Jaime Gálvez Delgado.
He stated that the execution of these projects will allow, in the short term, the fulfillment of their goals, among which the progressive and safe recovery of investments, as well as the reduction of gaps in the access to electricity service, are the most important.
In this investment package, the minister pointed out the investment in generation projects, which represent an amount of US$ 3,183 million (53%) and include the construction of renewable energy plants, such as hydropower plants, solar farms and wind farms.
The eight electrical projects of the National Infrastructure Plan for Competitiveness (PNIC) amount to US$ 1.068 million and include a hydropower plant, as well as connections providing a reliable power supply to the country’s regions.
In the 2021-2030 Transmission Plan, there are 11 projects for an investment of US$ 981 million, which will mainly connect the power plants with the areas where power demand is detected.
The representative also emphasized that the Transmission Plan includes the implementation of 23 transformers with an investment of US$ 53.8 million, which will enable the public distribution companies, which supply most of the country’s regions, to provide a more efficient and reliable service.
This portfolio includes the electricity initiatives entrusted to the Private Investment Promotion Agency (PROINVERSIÓN), which amount to US$ 193 million.
The Minister announced that 34 rural electrification projects are expected to be executed this year by the MINEM and the public distribution companies.
For this year, a greater promotion of the natural gas massification was announced, in order to extend its coverage and increase the number of beneficiaries in the regions in which concessions have been granted, in the northern and southern regions of the country. The MINEM emphasizes that natural gas is a resource produced in the country and distributed through networks connected to homes. Therefore, it is the State's duty to make it available to the Peruvian population for its use on a residential, vehicular, commercial and industrial scale.