Peru H1 power investment hits US$1.36bn

Wednesday, October 29, 2014

Power sector investment in Peru reached US$1.36bn in the first half led by generation with US$623mn.

Energy and mines ministry information also reveals that US$170mn went to distribution, US$520mn for transmission and US$42.4mn to the ministry's rural electrification department DGER.

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Private generation investment totaled US$605mn led by Cerro del Águila with US$154mn and state generation investment reached US$18.1mn led by Electroperú with US$10.1mn.

Other major private sector generation investments came from Empresa de Generación Huallaga (US$149mn), Enersur (US$123mn), Empresa de Generación Eléctrica Cheves (US$52.5mn) and Empresa de Generación Macusani (US$52.5mn).

On the distribution front, private and public investment represented US$112mn and US$58.0mn, respectively. Edelnor led private investment with US$56.2mn followed by Luz del Sur (US$50.6mn), while Electronorte Medio topped the public sector list with US$14.4mn followed by Electro Sur Este (US$14.1mn).

Proyecto Especial Chavimochic led transmission investment with US$446mn.

In a related report, Enersur said in a filing to local securities regulator SMV it signed lease contracts totaling US$125mn with BBVA Banco Continental to help finance expansion of gas-fired plant Chilca Uno.

BNamericas will host its 11th Southern Cone Energy Summit in Lima, Peru, on November 12-13. Click here to download the agenda.