The Ministry of Energy and Mines (MINEM) announced that a discount voucher of S/ 2,000 (U$S 530) is now available for owners of cars running on LPG interested in converting their vehicles to natural gas with the NGV Savings Program of the Fund of Social Energy Inclusion (FISE), within the framework of the widespread adoption natural gas plan.
Through the subscription of the addendum to the INFOGAS Trust Agreement promoted by the MINEM, carried out on February 15, 2023, the ministry makes available an additional amount of S/ 200 million (U$S 53,000) to finance these conversions of LPG to CNG, facilitating access to a national, economical, clean and safe fuel, which is not subject to the volatility of the international prices of oil and LPG.
By delivering this non-refundable bonus, the MINEM seeks to cover 50% of the maximum amount of financing for the conversion of vehicles through the NGV Savings Program, which is S/ 4,000 (U$S 1,200) for this 2023. The balance will be financed through the program, without initial fee, without interest and with a return within a maximum period of 3 years through CNG refills in favor of drivers.
The MINEM estimates that, with the application of this mechanism, the number of conversions to natural gas financed by the program will increase by approximately 50% in the next three months. These actions are expected to contribute to increasing the number of NGVs in the Peruvian automotive fleet and reach more than 450,000 vehicles this year.
The discount voucher is available in all regions where the NGV Savings Program is implemented, such as Lima, Callao, Piura, Lambayeque, La Libertad, Ancash, Junín, Ica and Cusco. Likewise, there will be a presence in other regions to the extent that they have a CNG service station. To access the bonus, drivers must visit authorized workshops that are affiliated with the NGV Savings Program to request a quote and inspection of the vehicle.
It should be noted that Peru has LPG production, but imports up to 30%, mainly from the United States and Bolivia, so the implementation of the discount voucher will allow part of the LPG consumption to be transferred to CNG, helping to reduce the deficit in the national energy balance.
In addition, increasing the consumption of natural gas will contribute to the process of the widespread growth of this energy, valuing a resource that the country produces in abundance and promoting the change of the energy matrix in transport to progressively reduce dependence on oil.
In this very promising scenario in terms of the growing adoption of natural gas, AltFuels Peru 2023 will be held from April 19 to 22, 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
