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...
Cheap, plentiful energy has long been a precondition of the industrial age. In recent years though, conventional reserves of fossil fuels such as oil and gas have been steadily dwindling. With renewables not yet sufficiently developed to end dependence on these resources, the world faced a stark choice: either return to more hazardous and more...
Thanks to the development of new technologies such as fracking and offshore drilling, hydrocarbons reserves previously thought inaccessible are being exploited. Colombia’s experience in developing these resources is limited, though recent auctions of unconventional blocks could open the door to extra reserves of oil and gas. The incorporation of...
A combination of an improved investment environment from a security standpoint and rising international commodity prices have been the principal causes of the recent growth in the extractive industries. The booms experienced by the mining and hydrocarbons industries have in turn sparked a rapid increase in royalties collected and distributed to...
The identification of the mining sector as a driver of economic growth by the incumbent administration was largely, and rationally, based on geological potential. While large coal reserves are well documented, along with smaller deposits of gold, copper, emeralds and other minerals, the most attention-grabbing aspect of the country’s geological make...
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