3/29/2023 0 Comments Joining hands network peruAccording to this, the Law of Geothermal Resources was published in 1997, and its Regulations, in 2010, in order to ensure the rational development of the geothermal resources, promote the diversification of the energy sources, realize the monitoring of the exploration activities, and ensure the free of access and competition, according to the law. In this context, the MEM is the responsible of encouraging the investment, in order to cover certain aspects of national energy policy, they are governed by laws. However, several institutions have been working to overcome these barriers, with expectations in the development of the geothermal sector. On the other hand, Peru is a country plenty of mineral and energy resources, such as geothermal energy, which despite having a potential of approximately 3000 MW, has not yet been exploited because of the lack of deep exploratory studies, imprecision of environmental standards and ignorance on the part of authorities, technicians and general public. This phenomenon directly results in an increase of the electricity demand, which according to estimates of the Ministry of Energy and Mines (MEM), is about 500 MW per year, which should be incorporated into the electrical network to satisfy the population needs and industrial growth. During the last five years, Peru has managed to sustain a constant growing economy (more than 5% annual), and this fact places it as the main emerging economy in South America.
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