More positive news from Peru concerning the new government (Ollanta Humala & his administration):
Private investment will be welcome under Humala's administration
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Lima, Jun. 26 (ANDINA). Private investment in Peru will be guaranteed and welcome under president-elect Ollanta Humala's administration, according to the next head of state's energy advisor, Carlos Herrera Descalzi.
Herrera, a former energy and mines minister and past president of the country's engineers association, spoke at BPZ Energy's annual meeting at the invitation of CEO Manolo Zúñiga.
Zúñiga said the official served as an advisor to BPZ, which holds hydrocarbons E&P contracts in Peru, where the company looks to develop a gas-to-power project.
"There is nothing to fear," Herrera told analysts and shareholders, highlighting that Humala pledged to keep a distance from Venezuelan President Hugo Chávez.
Business News Americas cited the advisor as saying that all contracts will be respected and there will be no nationalizations, and that private investment is needed to maintain economic growth to close the social spending gap.
Humala, who won the June 5 presidential election over Keiko Fujimori, will take office on July 28.
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