Peru Expects Investments of US$2 Billion in New Transmission Lines by 2029

Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--Peru seeks to expand its electricity network as renewable energy generation continues to grow.

Peru's Ministry of Energy and Mines expects investments of US$2.01 billion across 33 transmission line projects in the country that will extend the power network of the National Interconnected Electric System (SEIN). The government forecasts that the projects will be commercially operational by 2029.

Among the projects highlighted by the ministry is the construction of the 500-kilovolt (kV) La Nina-Piura substations and lines in Peru's northern region, worth US$146.3 million. According to the energy ministry, this is the first 500-kV interconnection between Peru and Ecuador. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can read more information on the substation and transmission line projects.

Other significant projects include the 220-kV Parinas-Nueva Tumbes substations and transmission lines, which have a value of US$50.8 million and are located in Piura. Additionally, there is the Chilca-La Panicie-Carabayllo Transmission Line 1 in the capital, valued at US$25.2 million. Subscribers can click here for the project reports.

All these projects aim to increase the nation's power capacity and interconnectedness as the Peruvian government also expands its power generation matrix.

Hydroelectric plants produce most of the country's electricity. According to the Committee for the Economic Operation of the Electric System (COES), in May, hydropower plants were the top electricity supplier, accounting for 60.41%, followed by thermal power plants at 30%, wind at 6.54%, and solar at 3%.

Although representing a lower share, solar and wind power generation have increased over the past few years, with more projects and capacity expected soon. In 2024, Peru inaugurated five power plants: two solar plants with a capacity of 115.5 megawatts (MW); two wind power plants amounting to 307 MW; and a thermal plant with a capacity of 102 MW.

The growth of renewable power generation continues this year; in June, the energy ministry granted Engie the concession to build the Intipampa Solar Expansion with a capacity of 51.7 MW, while the San Martin solar project, with a capacity of 252.4 MW, began commercial operations. Subscribers read more information on the Intipampa and San Martin projects.

Lastly, in May, the San Gaban III hydroelectric plant, with a capacity of 209.3 MW, also began producing electricity. Subscribers can click here for the plant profile.

Subscribers to Industrial Info's GMI Project and Plant databases can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.

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