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A number of investment funds have met with Peruvian authorities to learn more about public-private project opportunities, including those in the energy sector.
Information from private investment promotion agency ProInversión shows that meetings have been held with Aberdeen Standard Investments, Altra Capital, BTG Pactual, John Laing Group and Macquarie Capital, as well as Societe Generale.
ProInversión also has held briefings with Aleática, Currie & Brown, Gaz Energie, Grupo Ortiz, Iridium Concesiones de Infraestructuras, Mott MacDonald, Seopan, Tecniberia, Typsa and WSP, some of which already have a presence in the country.
ProInversión expects to approve a final version of a contractual guide and standard contract for PPPs in December, as part of a World Bank recommendation to reduce development times and improve contract quality.
In addition, the agency is working on a guide to modernize and standardize the financial structure of PPPs and a new digital platform to monitor projects.
ENERGY PORTFOLIO
Power
ProInversión’s energy development pipeline includes a latest addition: the 100MVA, 220/60/23kV Valle del Chira substation which has been tabled in the 2019-22 portfolio.
Meanwhile, the awarding of the modernization of state-controlled power distributor Electronoroeste (Enosa), which serves the northern regions of Piura and Tumbes, has been pushed back to 2020 to complete the company’s valuation.
The overhauls of the 500kV Carabayllo-Chimbote-Trujillo line and Trujillo substation, the 220kV Nueva Carhuaquero substation, and the installation of a variable reactive compensator at the 220kV San Juan substation are suspended, pending a decision from the energy and mines ministry.
In the final phase is the call for the 500kV line La Niña-Piura and 220kV links Pariñas-Nueva Tumbes and Tingo María-Aguaytía, along with new substations and expansions of existing ones, with seven groups which have submitted documents to begin qualification. Awarding is penciled in for end-September.
And details are being coordinated with Ecuador’s government for the yet to be launched process for the 500kV Piura Nueva-Frontera interconnection.
Hydrocarbons
On the oil and gas front, ProInversión has updated the investment for the concession to distribute gas to seven central and southern regions.
The amount at the publication of the fourth version of the contract was US$400mn, considering high industrial demand. The agency said it has “optimized” the value to US$200mn to focus on residential offtake which is based only on the fulfillment of the minimum connections plan (eight years). |
