The Ministry of Energy and Mines (MINEM) reported that, through Bill 4482/2022-PE, the government is considering allocating more than S/ 478 million (nearly USD 127 million) to finance new projects for a widespread adoption of natural gas, increase beneficiaries of the FISE LPG discount voucher and invest in electrical infrastructure that will benefit millions of Peruvians.
The initiative proposes allocating, via supplementary credit, S/ 350 million (USD 92 million) to MINEM to finance the execution of programs that encourage the widespread use of natural gas both in homes and in economic activities and social support institutions.
To do this, these resources would increase the number of homes connected to natural gas, benefiting 25,200 families, in addition to building 505 km of new distribution networks in the cities, facilitating the use of this economic energy in 10 hospitals and financing the conversion of 10,000 vehicles to natural gas.
Additionally, the initiative proposes to approve the allocation of a supplementary credit for more than S/ 1.5 million in favor of MINEM to finance the development expenses of Stage II of the Pre-investment Study of the Gas Pipeline project for the South of Peru, as part of its reactivation.
It should be noted that this bill was approved by the Budget Committee of the Congress of the Republic, and now its debate is expected in the highest legislative instance.
In this very promising scenario in terms of the growing adoption of natural gas, AltFuels Peru 2023 will be held on 20-22 April, at Villa Complejo Ferial, in the city of Lima. The event will include conferences led by more than 70 speakers, experts in natural gas, alternative fuels and sustainable mobility, as well as an exhibition with more than 120 companies that will exhibit their latest generation products and services, including vehicles, engines, refueling equipment, components and conversion systems, among others. For more information, please contact info@altfuelscg.com.
Source: MINEM
