Investments in Peru’s energy sector to total US$ 33 billion in next five years

Investments in the Peruvian energy sector for the upcoming five years will total some US$ 33 billion, Vice minister of Economy, Daniel Cámac, said.

“Such investments for the next five years involve the entire infrastructure development in electricity, liquid hydrocarbons and natural gas,” he told Andina.

Cámac indicated that the infrastructure will include the entire supply chain since investments of natural gas processing, transportation and distribution, as well as works for improving the electricity supply chain, will be carried out.

According to Vice minister Camac, since 2006 investments in the energy sector have amounted only US$ 10 billion, while the new projects to be executed will total some US$ 33 billion until 2015.

He said that the major investments will be made in the hydrocarbons industry, especially in the natural gas exploration and exploitation.

(END) DCT/JPC/PSY/LVT

credit:andina.com.pe