Andina

Peru's energy sector plans up to US$1.8bln annual investments until 2016

Peru

Peru's Deputy Energy Minister, Edwin Quintanilla. Photo: ANDINA/Juan Carlos Guzmán Negrini.

12:39 | Lima, Dec. 30 (ANDINA).

Peru’s energy sector will attract annual investments between US$ 1.2 billion and US$ 1.8 billion until 2016, Peru’s Ministry of Energy and Mines (MEM).
Thus, this flow of investments will guarantee the country’s energy supply in order to further growing in a sustained and responsible way, creating more equitable wealth and strengthening social development.

Peru’s Deputy Energy Minister, Edwin Quintanilla, noted the country is passing through a process of continuing economic and energetic growth.

"Energy demand in Peru has grown from seven to eight percent in recent years and it is expected to maintain this expansion rate in the following years, while supply will grow more than 15 percent," he said.

Quintanilla stressed that the expansion of hidroelectric energy which will generate 1,349 megawatts by 2013 is associated with an investment of US$ 1.3 billion to US$ 1.4 billion.

While for 2016 the government has planned to implement additional hydropower projects which will generate 1,200 megawatts with an approximate investment of US$ 2 billion.

(END) JJN/ASH/LOG/LVT


Published: 12/30/2012
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