The immense hydroelectric potential of Peru continues to be wasted

Peru's immense hydroelectric potential, the second in the region, continues to be wasted, while it is in 13th place in energy consumption, while continuing the massive electrical cost overruns to the population and productive enterprises. Electric poverty rise, and worst in our amazonica reggion, als can be appreciated in the global energétical poverty maps show above.

The drama has 5 acts:

1.- Public investment collapsed and worse still fragmented with regionalization, product of the crisis and austerity policy (IMF - BM), in the 80s and 90s ....

2.- It is legislated in the 90s to solve the energy crisis by promoting thermoelectric generation - burning more oil than gas - increasing energy dependence and discouraging hydroelectric projects that were already advancing at a slow pace.

3.- Over-rates are applied to the population and productive companies to ensure "cofinancing" and "guaranteed income" to concessionary companies, under the APP scheme (Public Private Partnerships)

4.- Biased tariff system in favor of thermoelectric plants and burdensome to the most efficient hydroelectric plants; presenting perverse stimuli.

5- Despite the proven physical and environmental efficiency of hydroelectric projects, the government has almost taken them out of their projected investment to favor now the inefficient wind or solar energy, following the uncontrolled recommendations of COP 21 said by the long controversial “warming global ”, projects promoted by foreign investment funds. To that was added years ago the cancellation of the immense hydroelectric project of Inambari, by the opposition of the radical environmentalists manipulating the natives, and the illegal gold miners of Madre de Dios (South of Peru).

Meanwhile, industrial and urban electricity demand grows, inside and outside the borders, and that allows more realistic private companies to bet on building new hydroelectric plants, hoping that the current or next government will stop rewarding the “tarifazos” and inefficiency by sacrificing development, also betting on the relegated nuclear development.

3.1.20