Have Peru's power infrastructure priorities changed?
Peru's "comfortable" power reserve margin is a growing bone of contention among authorities and stakeholders, as effective capacity tops 12GW compared with maximum load which hovers around 6,500MW.
Some argue the surplus will be absorbed as across-the-board investment in productive sectors ramps up and that excess power may eventually be exported. Others claim the oversupply curbs new investment in electricity production works and has led to lower power generation sale prices.
In a fresh development, information from private investment promotion agency ProInversión reveals that a call to secure over 1GW from new hydropower plants was cancelled.
The process was launched in February 2015 and then placed on standby in July that year to "reprogram" the bidding timetable. A reason for cancelling the tender was not disclosed.
ProInversión's 200MW Quillabamba thermoelectric project also has been on hold since April 2016 after a call was issued in December 2014.
A group of electricity producers had called on the energy and mines ministry to shelve the thermo project on grounds there is excess installed capacity, among other reasons.
In addition, the fact that Quillabamba would depend on gas from the now delayed Sur Peruano pipeline may further explain why this project has stalled.
Such wrangling may be behind a possible shift – at least in the near to medium term – by the government to instead focus on shoring up dispatch to cover demand and reduce congestion as plants in construction come online.
Indeed, all calls in ProInversión's 2017-18 power portfolio were for transmission projects.
ALSO READ Peru readies new transmission calls and Peru early transmission works pipeline tops US$1.5bn
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