Peru central bank pegs energy investment at US$7.33bn

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Monday, December 23, 2013

Planned private hydrocarbons and power investment in Peru in 2014-15 reaches US$4.04bn and US$3.29bn, respectively, according to a government report.

Total private investment in the period hits US$28.5bn, adds the latest central bank inflation report.

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Principal hydrocarbons project announcements come from Savia (block Z-2B), Repsol (NYSE: REPPY) (block 39), Perenco (block 67, oil pipeline), Transportadora de Gas del Perú (natural gas transport capacity increase), Pacific Rubiales Energy (TSX: PRE) (blocks Z-1, 116, 135, 137, 138), Pluspetrol (blocks 56, 88), (natural gas distribution expansion) and Karoon Gas Australia/Vietnam American Petroleum (block Z-38).

The main power project announcements come from Odebrecht (hydro Cerro de Chaglla), Inkia Energy/Quimpac (hydro Cerro del Águila), Energía Azul (hydro Santa María), and Kallpa and Enersur (thermo Nodo Energetico del Sur).

The document, available in Spanish here, highlights Pluspetrol's US$480mn planned investment to drill six new exploration wells on block 88 and Nodo Energetico del Sur that Kallpa unit Samay I and Enersur will carry out with respective plants Mollendo (593MW) and Ilo (500MW) for US$900mn.