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About Isaac
Isaac Vasquez Tello is a journalist based in Lima, Peru.
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Portfolio

About 250,000 SMEs at risk due to increase in electricity tariffs

10 Oct 2023  |  peru21.pe
Nearly 250,000 micro and small enterprises (SMEs) in Peru, along with around 2,000 larger companies, face potential risks due to an impending regulatory change in the electricity market that could increase energy prices. The Supreme Court's recent ruling mandates the Ministry of Energy and Mines (Minem) to regulate natural gas prices used for electricity generation, which may lead to a 35% tariff hike for industrial users. This increase could severely impact SMEs, particularly those in manufacturing, by raising production costs and potentially leading to business closures. The Asociación Pyme Perú and experts like Luis Espinoza highlight the economic strain this could impose, especially during the ongoing pandemic.

El MALI y el desafío de preservar su valor como patrimonio del Perú

04 Oct 2023  |  peru21.pe
The Museo de Arte de Lima (MALI) faces uncertainty due to the construction of an entrance to the central station of Lima's Metro Line 2, which could affect the museum's structure. The museum's general manager, José Antonio Ríos, and art history specialist José Javier Pérez Rodríguez express concerns about the potential impact of vibrations on the historic building. The lack of clear communication from the Autoridad del Transporte Urbano (ATU) exacerbates these concerns. The construction could also reduce access to workshops and courses, affecting the museum's revenue. Additionally, the museum was not informed about a new pipeline construction by Serpar, which could further impact its operations.

José Luis Medina, Sustainability Manager of Petrotal: 'Surely in a few days Loreto will be out of fuel'

03 Oct 2023  |  peru21.pe
The article discusses the fuel shortage crisis in Loreto, Peru, following the seizure of Petrotal's vessels by indigenous groups. José Luis Medina, Petrotal's Sustainability Manager, highlights the risks to the region, including potential environmental disasters and economic losses. The conflict stems from disagreements over a proposed fund for local development. Authorities are urged to restore order and ensure the safety of the region's fuel supply.

Claudia Cooper at Perumin: 'We are using resources collected from decisions made three decades ago'

02 Oct 2023  |  peru21.pe
Claudia Cooper, president of the 35th Perumin mining convention in Arequipa, emphasizes the significant potential of the mining sector to contribute to Peru's economy, with a project portfolio capable of attracting $53 billion in investments and creating 3.9 million formal jobs. She highlights the need for a long-term vision for the sector, addressing the challenges of dispassionate discussion and planning for future decades. Cooper stresses the importance of public-private collaboration and the role of the mining sector in economic reactivation, advocating for improved coordination between the Ministry of Economy and Finance and the Ministry of Energy and Mines.

The Future of Majes Siguas II in the Hands of Elmer Cáceres Llica

02 Oct 2023  |  peru21.pe
The future of the Majes Siguas II irrigation project hinges on the actions of Arequipa's regional governor, Elmer Cáceres Llica. The project, which aims to develop 38,500 hectares for agriculture and create over 100,000 jobs, recently received legislative approval for a public budget modification to extend a sovereign guarantee. However, the concessionaire, Consorcio Angostura Siguas, is exiting due to ongoing governmental non-compliance. The project requires the signing of Addendum 13 and favorable opinions from various entities, including the Ministry of Economy and Finance. Local business leaders express concerns over the project's viability and criticize the governor's handling of the situation.

Growing concern among unions over the monopoly of electricity distribution

02 Oct 2023  |  peru21.pe
Peruvian businesses are increasingly worried about a potential Chinese monopoly in electricity distribution, with concerns centered on the acquisition of Enel by China Southern Power Grid. The fear is that this could lead to price hikes and concentration of power in Chinese state-owned companies, following the 2020 purchase of Luz del Sur by China Three Gorges Corporation. The Asociación de Empresarios de Gamarra, led by Susana Saldaña, voiced strong concerns about the impact on small businesses. The acquisition requires approval from Indecopi, which has yet to receive a request. The process could take up to 175 days if complications arise. Former Economy Minister Carlos Oliva noted the importance of regulatory vigilance to prevent abuse of market dominance.

Line 2 of the Metro threatens to demolish part of MALI

02 Oct 2023  |  peru21.pe
The construction of the central station entrance for Line 2 of the Lima Metro poses a significant threat to the Museo de Arte de Lima (MALI), a historic building with nearly 150 years of history. MALI's authorities, led by José Antonio Ríos, have raised concerns about the potential impact on the museum's structure and have requested detailed information from the Autoridad de Transporte Urbano (ATU), which has yet to provide comprehensive responses. The situation has prompted MALI to file a legal request for access to the project's technical dossier. The case has also drawn attention from Prolima and UNESCO, emphasizing the need for thorough impact studies to protect cultural heritage. The ATU has assured that the construction will not harm the museum and will follow international standards, but definitive engineering studies are still pending.

Luis Miguel Castilla: “We have a severe public management problem”

01 Oct 2023  |  peru21.pe
Luis Miguel Castilla, former Minister of Economy and Finance, discusses the severe public management issues in Peru, emphasizing that creating specialized entities is not the solution. He highlights the economic impact of recent natural disasters, such as rains and landslides, on agriculture, fishing, and infrastructure. Castilla criticizes the focus on reconstruction over prevention and the inefficacy of government-to-government contracts without local technical capacity. He projects a modest economic growth of 2% for Peru in 2023, citing external and internal risks, including the potential effects of El Niño and global instability.

José Luis Escaffi: “Out of every 100 soles, only 70 are spent”

01 Oct 2023  |  peru21.pe
José Luis Escaffi, general manager of Escaffi Gestión Pública, discusses the challenges and obstacles in Peru's infrastructure projects, including issues with the second runway at Jorge Chávez International Airport, the Reconstruction with Changes program, and the Majes project. He highlights inefficiencies in public spending, noting that only 70% of allocated funds are typically spent. Escaffi emphasizes the need for better coordination among government levels and criticizes the handling of certain projects by regional authorities.

National tourism migrates to the north and avoids convulsion in southern regions

01 Oct 2023  |  peru21.pe
Tourism in southern Peru has plummeted due to social unrest and road blockages, redirecting national tourists to northern and eastern regions like Cajamarca and San Martín. Cajamarca's hotel occupancy is nearly at full capacity due to carnival celebrations, while San Martín, particularly Rioja, has seen a 90% hotel occupancy rate. The shift has benefited northern destinations like Piura and Tumbes, although the southern tourism circuit faces severe employment challenges due to the downturn.
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