The Ministry of Energy and Mines (MINEM) announced that a budget increase will be implemented in the coming days allowing to meet the growing demand of users who choose to benefit from the NGV Savings Program, which finances the conversion of light vehicles to natural gas.
This program, which is financed with resources from the Energy Social Inclusion Fund (FISE), will have a larger budget that will allow it to pay for vehicle conversions until the end of the year, and this was communicated to the representatives of the conversion workshops, according to the Vice Minister of Hydrocarbons of the MINEM Juan Saúl Sánchez Izquierdo.
“We are expanding the FISE Annual Promotion Plan (PAP) for 2022, with the aim of ensuring the operation of the NGV Savings Program, among others. We have carried out studies and analyses, successfully concluding this process,” said the vice minister.
The MINEM ratifies its commitment to continue promoting natural gas promotion programs, due to the benefits they bring to millions of Peruvians by allowing them to have access to cheap, clean energy, and will continue to underpin the energy transition process in the country.
It should be noted that the NGV Savings Program, which has coverage in the Lima, Callao, Junín, Ica, Cusco, Piura, La Libertad, Áncash and Lambayeque regions until September, has already financed CNG conversions in 53,207 light vehicles. Of that total, 37,812 units (more than 70%) benefited in 2022.