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Perú Population (millions) - July 1998 26.11 Overall Electrification (% of population) 72% GDP (billion US$) - 1997 est. $110.2 Real GDP Growth Rate - 1997 est. 7.3% Inflation Rate (CPI) - 1997 6.7% Total Installed Capacity (MWe) - 1995 4520 Electricity Consumption per Capita (kWh) - 1997 502 Energy Demand Growth Rate 10.0% being driven by population and economic growth, along with expansion of the country’s copper mining sector, which is highly energy-intensive. Peruvian energy production increased 4.6% in the first 11 months of 1998, according to the Ministry of Energy and Mines. Hydroenergyaccountedforjustunder77%ofall generation,up6.4%from1997. State-ownedElectroPerú still accounted for 35.9% of all generation followed by privatizedEDEGELandEGENOR. Electricitycoverage increased to 72%. Perú’s over reliance on hydropower has led to sporadic power outages in times of drought and during severe El Niño occurrences (1992-1993). The Government of Perú (GOP) estimates that the most recent El Niño (1997-1998) caused at least $1 billion damage. Perú’s power sector was nationalized in 1972 with ElectroPerú serving as the main holding company of ten smaller regional electricity companies. The legal framework governing Perú’s electricity sector since late 1992 represents a radical change with respect to prior legislation. ItismodeledaftertheArgentinean,Chilean, and British frameworks. The GOP is continuing privatization of power utilities and encouraging foreign investment in new generation plants. Between 1992 and 1995, this program raised about $5 Prices (US¢/kWh) - June 1998 Residential Commercial Industrial 12.56 10.22 4.75 Estimated Geothermal Potential (MWe) 2,990 Power Summary Perú’s electric power demand is growing rapidly, and is expected to require $300-$350 million annually in investment through 2000. Power demand increases are Geothermal Resources in Latin America & the Caribbean 167PDF Image | Geothermal Resources in the Caribbean and Latin America
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