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Energizing Peru: Transformative Power Transmission Investment Plan Unveiled

Synopsis: Peru's energy and mining investment regulator, Osinergmin, has approved a comprehensive power transmission investment plan totaling US$274 million for the period from May 1, 2025, to April 30, 2029. The plan includes works across 14 demand areas, with the majority of the investment allocated to demand area 6 covering Lima and Huarmey province
Monday, June 17, 2024
PERU
Source : ContentFactory

In a significant development for Peru's energy landscape, the country's energy and mining investment regulator, Osinergmin, has given the green light to a comprehensive power transmission investment plan spanning from May 1, 2025, to April 30, 2029. The approved roadmap, totaling $274 million, represents a strategic initiative to bolster the nation's power infrastructure and meet the increasing demand for electricity.

The investment plan encompasses a wide array of proposed works across 14 demand areas, surpassing the original budget of $219 million. Notably, the majority of the investment, amounting to $94.5 million, is allocated to demand area 6, covering the vital regions of Lima and Huarmey province in Áncash. Following closely are areas 7 and 8, with investments of $63.7 million and $28.5 million, respectively, catering to the southern and eastern parts of the capital and regions Ica, Ayacucho, and Arequipa.

Leading the charge in executing these transformative projects are Enel and Luz del Sur, responsible for the bulk of investments in areas 6 and 7, respectively. The detailed reports outlining the investment plans for each demand area are readily accessible for public scrutiny under the "Publicación de la Resolución que aprueban el Plan de Inversiones" tab.

With the approval in place, Osinergmin has opened the floor for stakeholders to provide their feedback and observations, with final resolutions expected to be announced by the end of July. This collaborative approach ensures that the interests of all parties involved are considered, fostering transparency and accountability in the implementation of the power transmission projects.

This milestone comes in the wake of Peru's efforts to enhance its power transmission infrastructure, evident in the recent qualification of groups for a power transmission tender and adjustments made to the existing transmission plan. The strategic investments outlined in the approved roadmap signify a significant step towards modernizing Peru's power grid, enhancing reliability, and meeting the evolving energy needs of the nation.

As Peru gears up to embark on this transformative journey in the energy sector, the approved power transmission investment plan stands as a testament to the country's commitment to sustainable development, efficient energy distribution, and ensuring a robust power network for the future.