Peru ups hydrocarbon investment guidance, power flat

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Monday, October 20, 2014

Planned private hydrocarbons and power investment in Peru in 2014-16 reaches US$7.53bn and US$5.76bn, respectively, according to government data.

The country's latest central bank inflation report adds that previous guidance pegged figures at US$6.23bn and US$5.79bn.

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Total private investment in the period is expected to hit US$48.0bn.

The outlook highlights the US$3.6bn Sur Peruano pipeline project which Odebrecht and Enagas won earlier this year.

Other principal hydrocarbon investments are expected from Savia (block Z-2B); Perenco (block 67, oil pipeline); Petrobras Energia-Repsol (block 39); Enagas-TGP (natural gas transport capacity increase); Karoon Gas Australia-Vietnam American Petroleum (block Z-38); Pluspetrol (blocks 56, 88); Cálidda (natural gas expansion); China National Petroleum (block 58); Repsol (Pampilla refinery expansion); and Técnica Reunidas (Talara refinery overhaul).

The main power project announcements come from Energía Azul (hydro Santa María); Odebrecht (hydro Cerro de Chaglla); Enersur and Kallpa Generación (thermo Nodo Energético del Sur); Quimpac-Inkia Energy (hydro Cerro del Águila); and ISA (transmission line Mantaro-Marcona-Socabaya-Montalvo).

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