Peru to present renewable energy projects at APEC energy meetings

Peru will reportedly present 50 renewable energy projects during next week’s 35th Meeting of the Energy Working Group as part of the 2008 Asia-Pacific Economic Cooperation Forum. Fifty-eight representatives from 16 of APEC’s member economies have reportedly confirmed their attendance at the meetings, which are planned from March 3–7 in Iquitos, the capital of Loreto Department and Peru’s largest jungle city.

According to Agencia Andina, Peru will present nine wind power, 14 hydro-energy, and two geothermic projects. The main topics scheduled for the meeting will reportedly include the diversification of the energy matrix, efficient energy use, development of natural gas and the price of petroleum, among others.

The Vice Minister of Energy, Pedro Gamio, told Agencia Andina Peru has a large renewable energy potential, which includes 60,000 megawatts, MW, of hydro-energy, 6,000 MW of wind power and 3,000 MW of geothermic energy. Gamio added that Peru only uses about 5 percent of its current hydro-energy potential.

“Diversifying the energy matrix will allow us to reduce the price of energy generation, lower fares, making a more competitive economy that will benefit more Peruvians,” said Gamio.

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