on Wednesday announced that the San Gaban III Hydroelectric Power Plant ―located in San Gaban district, Carabaya Province (Puno region)― began operations on May 30, with an installed capacity of 209.3 megawatts (MW), to generate electricity using t San Gaban River waters.
Likewise, the government agency reported that the San Martin Solar Power Plant began operations on June 7.
It is located in La Joya district, Arequipa. The plant has a capacity of 252.4 MW, making it the largest of its kind in Peru.
Both projects make it possible to harness the country's renewable energy resources to generate clean and sustainable electricity for the benefit of all users of the National Interconnected Electric System (SEIN), Minem stated.
Renewable energy on the rise
The ministry noted that these projects help increase the share of renewable energy in Peru's energy matrix, with the goal of enhancing energy security and ensuring electricity supply for the entire population.
It is worth noting that both projects were developed entirely with private investment, without requiring any resources from the Public Treasury.
"This financing model demonstrates investors' confidence in the regulatory framework of the electricity subsector and in Peru's energy potential, as well as in the public policies that promote private investment in the country for sustainable infrastructure development," Minem stated.
Minem also highlighted that these renewable energy generation projects will help strengthen Peru's energy security, create jobs in various regions —thereby stimulating the local economy— and harness the country's available resources, contributing to closing the gaps in access to energy.