Although Peru has been one of the top-performing economies worldwide over the last decade, its energy sector is still small in absolute numbers. Consumption levels per capita are low, even by Latin American standards, and demand growth is highly dependent on new mining investments. Successive governments have kept energy prices low; and regional interconnection, which could provide the industry with considerable export revenues, especially to Chile, is not under immediate discussion. Yet investors continue to come. Generators continue developing new ventures, with the Peruvian state guaranteeing long-term pricing through power-purchase agreements. Big consulting and construction firms have found in Peru a key emerging market to offset the decline of projects in Europe. With figures for installed capacity and energy consumption still at very modest levels, there is nowhere to go but up.