Cos investing USD500mn/y in electric sector

Generation, transmission and distribution companies in Peru are investing US$500mn/y to meet growing energy demand, principally in the provinces. During the first half of this year, power demand in Arequipa rose 65% year-on-year, 44% in Apurímac, 23% in La Libertad, 20% in Huancavelica and 20% in Tumbes. Power prices in Peru have dropped more than 30% in the last 10 years due to efforts by the ministry, energy and mining investment watchdog Osinergmin and companies. The sectors pending task is to increase coverage as 25% of the population has no service, which increases to 65% in rural areas.

Date: 2007-11-01
Source: Business News Americas, Chile
Publication: Euclid Infotech - Utilities News
Provider: Euclid Infotech
Date: November 2, 2007

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