Peru reveals 2018 energy promotion plans

By
Monday, January 15, 2018

Peru's government will channel 722mn soles (US$224mn) through its social inclusion energy fund Fise to expand universal energy supply this year.

The bulk of resources – 207mn soles – will go to new natural gas residential connections in the Lima and Callao distribution concession area, according to the energy and mines ministry's Programa Anual de Promociones 2018.

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Another 13.5mn soles has been earmarked for natural gas connections in the Ica distribution concession area.

The funds will help cover connection costs for low income residents in the areas.

The following infographs from energy and mining regulator Osinergmin provide a look at gas offtake by income level in the two concession areas:

Lima and Callao

Ica

Osinergmin information shows that the number of clients in November in Lima and Callao that consume up to 300m3/month (residential) totaled 555,925 compared with 439,013 in January last year.

The number of such users in Ica in November reached 44,549 versus 39,908 last January, according to the watchdog.

In addition, 83.1mn soles have been budgeted for VNG use in regions Lima, Callao, Ica, Lambayeque, Piura, Ancash, La Libertad, Junín, Cajamarca, Arequipa, Moquegua and Tacna.

[GRAFICO:FIGURA:ID_1253_1516024531988]

POWER

Regarding electricity, the majority of money – 180mn soles – is earmarked to compensate power distributors for the application of a residential rates compensation mechanism to guarantee competitive rates.

The government also has set aside 88.5mn soles to implement more efficient public lighting and 66.5mn soles to install solar photovoltaic systems in isolated, offgrid areas.

The ministry's Programa Anual de Promociones 2018 is available here.

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Also from Peru, state oil company Petroperú extended to February 19 the deadline to submit offers for the power transmission contract as part of the project to modernize the Talara refinery.