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The Organizers thank the following firms for their support:

April 20, 2007

CONTACT: Ray Marin, CLAI
(202) 994-5205; clai@gwu.edu

GW CENTER FOR LATIN AMERICAN ISSUES LEADS ENERGY BUSINESS MISSION TO PERU

U.S. Firms Explore New Business Opportunities in Peru’s Energy Sector

The GW School of Business’ Center for Latin American Issues (CLAI) led a delegation of U.S. energy firms to Lima, Peru, from April 11 to 13, 2007, to learn about the plans and policies of the government of President Alan Garcia for further developing the country’s energy sector, especially in the areas of natural gas and power generation. The U.S. Department of Commerce designated the visit a "Certified Trade Mission," thus according it official status, and the U.S. Commercial Service in Lima coordinated the logistics for the intensive three-day program.

"Peru’s economy has been growing smartly in recent years, and the country is eager to expand its energy production, both to meet rising domestic demand, and for export," said Ray Marin, CLAI program manager and the energy mission team leader. "Peru is keen to expand its commercial and business ties with the United States and we at the GW School of Business are happy to be able to support those aspirations."

In Lima, the U.S. team met with Peru Minister of Energy and Mines Juan Valdivia and his senior officials; with representatives of the Ministry of Foreign Affairs; and with U.S. Ambassador to Peru J. Curtis Struble and his embassy team. The delegation also engaged in a series of roundtable discussions with leading energy experts and companies already active in Peru, and visited several industrial sites to gain a better appreciation of the country’s energy needs and capabilities, and of the climate for doing business in Peru. The participants are hopeful that the visit will help generate opportunities for new ventures.

The delegation included representatives of U.S.-based energy companies – among them Ainsley Gill and Associates; the AES Corporation; Authentix, Inc; ENSR-AECOM; GE Infra, Energy; and Shell Energy Resources Company – and of the U.S. Department of Energy, of the Overseas Private Investment Corporation (OPIC - a U.S. government agency that provides financing and political risk insurance to qualifying U.S. investment projects abroad), and of the Commonwealth of Puerto Rico’s Commercial Office for the Andean Region and Panama. The program was co-hosted by GW’s CLAI, the Embassy of Peru in Washington, D.C., the Peruvian-American Chamber of Commerce in Lima, and OPIC. Several energy firms already in Peru – Hunt Oil Company, Maple Gas del Peru, and Petro-Tech Peruana – provided invaluable support as event and program co-sponsors.