Peruvian Govt To Invest $221 Mln in Raising Electrification Rate to 83 Pct in 2008

The Government of Peru will invest 700 mln Peruvian soles ($221 mln/162 mln euro) in raising the national electrification rate to 83 pct in 2008, Peru's Energy and Mines Minister, Juan Valdivia, said on July 31, 2007.

At the end of 2007 the electrification rate in Peru is expected to stand at 78 pct, after the fulfilment of the planned investment of over 700 mln soles ($221 mln/162 mln euro) for the year.

The investments are being carried out under the state target of increasing electrification rate in the country to about 90 pct in 2011. The government will use resources from the Treasury and the Rural Electrification Fund.

Chilean state-owned oil company Enap, in partnership with Peruvian gas station operator Primax, has taken the commitment to invest in the opening of 10 vehicular natural gas (VNG) stations by the end of 2007, Valdivia said.

Publication: Business Digest
Provider: AII Data Processing Ltd.
Date: August 1, 2007

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