Peru Expects US$1 Billion Worth of Electricity Generation Projects

Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--Peru foresees new investments in power generation and transmission across the country in the next two years.

The Peruvian government is expecting the development of several power generation and transmission projects between 2025 and 2026. The country is already developing power generation projects with a capacity of 1,213 megawatts (MW), which accounts for US$975 million, with some expected to be operational by the end of this year.

Among the projects featured is the construction of the San Gaban III hydroelectric plant in Puno with a capacity of 209 MW and the Sunny Solar Plant in Arequipa, both expected to be operational in the second half of the year.

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According to the Ministry of Energy and Mines, by October of last year, the country had 35 electricity projects in its portfolio, with some expected to come online by the end of 2024. Seventeen projects were for hydroelectric plants, 13 for solar parks, three for wind farms, and two for thermal plants.

The development of these power plants in the next few years could bring to Peru 5,274 MW and investments of US$6.9 billion.

Meanwhile, the government also hopes to announce the winners of four transmission projects worth US$134 million during the first semester of this year. These four concessions are part of the nation's transmission plans for 2023-2032.

The Ministry of Energy and Mines also highlighted that between 2025 and 2026, the South American nation will see 31 electricity transmission projects executed worth investments of US$2.5 billion.

"This initiative will have a positive impact at the national level and brings us closer to our goals of having a diversified energy matrix, as well as avoiding increases in electricity rates," the ministry highlighted in a statement.

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