Petroperú has been a state-owned energy company since 1969 and originally held a central role in the energy sector. However, after a process of sector privatisation in 1992, the company’s role has been limited to the transportation, storing, refining and commercialisation of energy commodities. Despite the comparatively limited role that...
The fight against global warming has prompted investment in renewable energy resources across the globe and Peru is no exception. Historically, Peru invested vast amounts into its renewable hydroelectric resources and relied on these for as much as 90% of the country’s electricity generating capacity. Gradually, so-called unconventional...
With an estimated maximum potential for hydroelectric power of 69,445 MW, Peru has an abundant source of renewable energy. The potential capacity of hydroelectric resources was roughly 12 times greater than peak electricity demand in 2012. However, in recent years hydroelectric plants have become less important in supplying power to the national...
The billions of dollars generated by the mining sector have been a principal driver of wider economic growth in Peru over the course of the past decade. Revenues from the sector have increased several times over as Peru continues to ride the wave of a commodities “super-cycle”. This has not only filled government coffers, bringing foreign...
Increased demand on the national power grid has prompted investments seeking to boost power generation capacity throughout the country via both hydroelectric and natural-gas-fired thermoelectric power plants. Indeed, from 2011 to 2013 the central bank has predicted investment in the electricity sector to total just over $7bn. The Ministry of Energy...
Gold, silver, copper, lead, zinc, tin, mercury, molybdenum and selenium. Peru was one of the world’s top 10 producers (and one of Latin America’s top two producers) of each of these minerals in 2011 thanks to a rich, polymetallic geology that has provided a steady supply of precious metals for thousands of years. The importance of the mining sector...
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