Peru’s Energy & Mines Ministry Invests 700 Million in Electrical Project

(LIP-ir) — Peru’s Minister of Energy and Mines, Juan Valdivia, informed that in the coming year, 700 million soles are to be invested in the electrification of the rural areas in Peru. He added that this is to be done in an effort to reach the government’s goal of providing 83 percent of the population with electricity.

Minister Valdivia noted that it is planned that by the end of the year, after having spent over 700 million soles of budgeted funds, 78 percent of Peru’s people will have electricity.

"The government has stated that by the year 2011 over 90 percent of Peru’s population must have electricity, to achieve this goal, investments of US$ 170 million have to be made per year," said Valdivia.

Peru’s Energy Minister clarified that Ministry funds only come from the Public Treasury and the Rural Electrification Fund, a fund which is made up of the taxes electrical companies have to pay for the electrification of designated areas.

Aside from giving information on Peru’s energy progress, Minister Valdivia stated that Chile’s National Petroleum Company has made an agreement with the Peruvian gas station chain Primax, to open 10 natural gas stations this year.

– related articles –
Peru’s Minister of Mines Assures Fuel Prices Will Not Rise (by LIP, July 30, 2007)
Electricity to be Provided for 1 Million People in Rural Peru (by LIP, Jul 9, 2007)
Peru’s Natural Gas Solution (by LIP, Jun 9, 2007)