The district of San Isidro in Lima, Peru, is the countries major business hub and as such, a high density of high value buildings are located there. Cooling needs in these type of buildings are significant, and represent a large portion of their total electricity consumption. Currently, this cooling demand is met using conventional cooling technologies, such as centralized air conditioning systems. District cooling may provide a more efficient and less polluting alternative to that of conventional technologies. This project explores the potential of implementing a district cooling system in the financial zones of San Isidro district, by assessing the techno-economic cost benefit, and the institutional conditions present in Peru. The results of the analyses show that a district cooling system might be feasible, but many institutional and practical barriers currently exist that may hinder such a development.