Peru is working hard to strengthen its electric power sector, according to government officials speaking to the local press.
Pedro Sanchez, energy and mining minister, said new projects will guarantee that "the energy supplies will continue to growth in the next years".
His comments emerged following the signing of construction and equipment contracts for the Quitaracsa hydroelectric station, which is to be located in Ancash.
"These important contracts will allow us to reach a capacity of 500 MW," he added.
Separately, Alan Garcia, Peru's president, said the country has the capacity to become a major energy hub, supplying energy to the rest of South America.