The Peruvian government is preparing to relaunch a package of tenders to promote new private investment in hydroelectric power plants. This initiative is part of a broader strategy to diversify the energy matrix and ensure the stability of the electricity supply as renewable energy sources continue to grow.
This was announced by the Minister of Energy and Mines, Guillermo Shinno, during the opening of the PECIER-FISE 2026 International Electricity Sector Expo, being hold from October 28 to 30 at the Jockey Exhibition Center in Lima.
The head of the Ministry of Energy and Mines (Minem) explained that the rise in solar and wind power generation must be accompanied by investments in technologies that help maintain the stability of the national power grid.
"We are going to relaunch a package of tenders to once again attract investment in hydroelectric plants," Shinno stated.
The minister of Energy and Mines noted that one of the mechanisms being evaluated to incentivize these investments involves guaranteeing tariffs for periods of 10, 15, or 20 years—terms that will be analyzed in coordination with ProInversión.
This approach aims to provide greater predictability for investors, given that hydroelectric projects require long construction periods and can take between seven and eight years to become operational.
Electricity sector regulations to be ready before December 2026
During his remarks, Shinno also announced that the executive branch is working on the approval of pending regulations related to the operation of the electricity market, including those concerning tenders and ancillary services.
"All the regulations should be issued no later than December," the minister affirmed.
The approval of these provisions is part of the sector's regulatory agenda and is essential for establishing the conditions under which new investments in electricity generation will be developed. Renewable Energy Could Reach a 20% Share
Shinno noted that the government maintains its projection of reaching an approximately 20% share of non-conventional renewable energy—primarily solar and wind—in electricity generation by the end of the five-year period.
However, he cautioned that a greater integration of these technologies also poses challenges for system stability, making it necessary to maintain a diverse mix of energy sources.
In this regard, he highlighted the importance of promoting both new hydroelectric power plants and natural gas-fired thermal generation to help ensure a continuous supply.
New Natural Gas Reserves
The minister also warned that the development of new thermal power plants will depend on the identification of additional natural gas reserves.
He explained that current reserves at the Camisea field have an estimated lifespan of 10 to 13 years—a situation that could deter new investors from entering the thermal generation sector.
Given this scenario, he stated that the executive branch intends to work with the Ministry of the Environment to assess the conditions required to make the development of new reserves viable.
Furthermore, he acknowledged that regulatory stability and tariff-setting mechanisms are among the concerns of companies interested in investing in natural gas.
Consequently, he indicated that the Ministry of Energy and Mines (Minem) plans to evaluate improvements to the regulatory framework, aiming to incentivize new investments without necessarily leading to tariff increases.
Expo PECIER-FISE 2026
These announcements were made during the PECIER-FISE 2026 International Electricity Sector Expo—an event held in Lima that brings together corporate representatives, government authorities, and both domestic and international experts to address challenges related to investment, modernization, and the security of electricity supply.
The event serves as a forum for technical and business exchange, designed to foster new business opportunities, strengthen regional cooperation, and analyze the conditions necessary for developing energy infrastructure in Peru and across Latin America.
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(END) NDP / MDV
Publicado: 29/10/2026