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Peru's energy and mines minister Gonzalo Tamayo announced that an engagement agenda with the private sector to create a regulatory framework to advance power interconnection with neighboring countries will be ready in the coming weeks.
"In around 15 days we should be letting industry know some guidelines of the engagement agenda, which will last 12 to 18 months," state news agency Andina quoted Tamayo as saying.
The minister added that Peru's current energy oversupply provides time to reorganize the power system.
Indeed, the country's installed capacity tops 12GW, with some 3.7GW due to come online through 2019, when maximum load demand is forecast to hit 8,434MW, leaving surplus for export.
Peru's grid administrator COES has highlighted that the country's transmission system has sufficient capacity to accompany the development of links with Ecuador and Chile, while an interconnection with Brazil would require additional dispatch capacity.
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In the case of Bolivia, small marginal cost differences would make an interconnection unfeasibile, according to COES, which adds that Andean interconnection initiative Sinea has recommended an indirect interconnection via Chile.
Heightened tension between Bolivia and Chile due to the former country's claim for sovereign sea access, however, would keep such a proposal shelved.