While in the short term energy supply may be under considerable pressure due to rising demand caused by the rapidly growing economy, Peru’s wealth of natural resources bodes well for its long-term energy security, as well as the country’s potential to become a major energy exporter. With energy costs in neighbouring countries significantly...
In recent years mining companies from around the world have come to Peru in search of precious minerals and driven by demand for raw materials in emerging giants such as China, Brazil and India. The improved political and economic foundations that have been established following the tumultuous 1980s and 1990s have also played a key part in...
Though a wealth of natural resources protect long-term energy security, in the short term, surging demand continues to put pressure on the sector. A recent influx of investment in Peru’s hydroelectric power stations and natural gas-fired thermoelectric facilities should be enough to stave off any bottleneck in electricity generation and avert...
Though best known for its copper and gold, Peru’s rich, polymetallic geology supports the production of a wide assortment of minerals. Peru has the third-largest reserves in the world of gold, copper, zinc and silver, according to the US Geological Survey. Indeed, data from the Ministry of Energy and Mining (Ministerio de Energías y Minas, MINEM...
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...
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