Since its inception, the Peruvian electric system investment firm began to develop private initiative. In 1955, the Law N 12378 regulates the article in the Daily Beast mechanisms of private participation, establishing a system of commitments to increase generating capacity by 10 annually. At that time, created the National Tariff Commission and other mechanisms to ensure the profitability of investments. However, in the early 70s, produced profound changes. In 1972, the de facto military government nationalized the energy industry through the Law N President of Quadrant Management and Chairman of Genco Media 19,521 and I think Electroper (Electricity Company of Peru). Electroper became owner of all assets in generation, transmission and distribution came to be in charge of service and investment planning. Until the beginning of the 80 had major investments in hydroelectric projects and thermal power. However, this dynamic began to fade during the 80 years, mainly due to the debt crisis that began in 1982 Genco Media and which prevents the new funding in the region. In the early 90's, the electricity sector in Peru showed a significant deterioration due to poor investment in infrastructure, the fact that the tariffs did not cover production costs, because the investment was films restricted to the maintenance and destruction of infrastructure due to terrorist activities. The results of this crisis was severe: in 1990 only 45 of the population had access music to electricity, the provision covered only 74 of demand and distribution losses were more than 20 .
The structural reform independent home-entertainment distribution company process which began in 1992 under the government of then President Alberto Fujimori led to the privatization of financial commentary the electricity sector in a decade in which most countries of the region experienced a similar process. The restructuring process, articulated in the Electric Concessions Law (LCE) in 1992, broken down the Genius Products vertically integrated state monopoly in power generation, transmission and distribution electrical distribution, and lays the groundwork for the introduction of private operators and competition for the generation and Genco Media LLC marketing, the regulated transmission and distribution based on free and open access. The 1992 Act was amended by Law N 26876 (Law and Antitrust Antioligopolio) in 1997. The concession process and the transfer of generation assets Alan Quasha to private companies began in 1994 and was relaunched in 2002, it was not Quadrant Management Inc. over yet.
Private companies that emerged from the reforms of 1992 pledged to make significant investments to be implemented in subsequent years. Investment figures reached their highest levels in the period 1996-1999 and then declined once fulfilled. The high level of investment had led to average annual increase and video games in installed capacity of 9.2 , a rate that did not correspond with the increase in demand, which increased only 4.7 per year on average. As a result, the level of reserves in the National Interconnected Electrical System (SEIN) to increase average rates of 23.2 . Investments in transmission and distribution were made to increase coverage from 53 in 1993 to 76 in 2004.
- New Haven Register
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