Overview
- The government will relaunch a package of hydroelectric tenders through ProInversión, which Minister Guillermo Shinno announced on Oct. 29, offering 10-, 15- or 20-year concessions with predetermined tariffs the state says it will respect.
- The Executive also pledged to publish pending market rules, including the bidding regulation and the services-complementary regulation, by December to give investors clearer operating and revenue rules.
- Minem released a roadmap that projects about 33 new generation plants totaling roughly 5 gigawatts for 2026–2035 and warned of reserve shortfalls of about 150 MW in 2027, 500 MW in 2028 and 800 MW in 2029 if efficient capacity does not enter the system.
- To evacuate new supply and relieve congestion, the ministry put forward a transmission portfolio of 51 projects worth about US$3.0 billion, with 33 projects underway and 18 planned for ProInversión tenders.
- Officials said new gas-fired plants depend on fresh Camisea-scale reserves, hydropower typically needs seven to eight years to build, and the combined measures aim to pair storage and dispatchable capacity with solar and wind to protect consumers from outages and higher costs.