Jorge Merino, Peru’s minister of Energy and Mines, has announced that the country needs $27bn to finance essential electric power projects over the next decade to support the country’s economic growth.

According to BNAmericas, the government has told ProInversion, the private investment promotion agency, to call for bids to build 1.1 GW hydropower, as well as 250 MW of small hydro and 50 MW of biomass-fired capacity.

Furthermore, Merino confirmed an additional 2700 km of 500 kV transmission lines to ensure reliable supply was needed.

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