Empresa de Generación Eléctrica San Gabán currently operates Puno's only hydroelectric plant, the 110MW San Gabán II complex.
However Renova Energia, the former owner of the Umburanas complex in Bahia state, was fined and banned from bidding for new projects for one year after requesting the cancellation of four permits.
The operation will involve the sale of 200mn new shares, the energy group said on Thursday.
The Mexican subsidiary of Sempra Energy attributed the increase to its purchase of the remaining 50% of Gasoductos de Chihuahua, the Ventika wind farm, and 2017 pipeline completions.
The energy minister says the volume of investment in the country's oil, gas and electric power sectors will surpass US$100bn by the end of the current administration.
The government is readying the creation of seven employment and economic development zones (ZEDEs) in different areas of the country.