Peru's OSINERGIM to Announce Qualified Projects for Second Renewables Auction

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Researched by Industrial Info Resources (Sugar Land, Texas)--On July 8, 2010, Peru's governmental mining and electric power investment authority OSINERGMIN will announce the qualified proposals for the Second Renewable Energy Resources (RER) Auction for the provision of energy from renewable sources to the Interconnected National Electric System (SEIN). Since the first RER Auction was declared lacking on the required energy for biomass and solar technology, this auction includes only these technologies.

According to the information included in the auction documents published on March 12, 2010, 427 gigawatt-hours (GWh) per year will be assigned for the provision to the SEIN for 20 years at a guaranteed price. Of this total, 419 GWh/year will be produced using biomass technologies and 8 GWh/year will be produced using solar technologies. Additionally, a maximum of 338.29 megawatts will be assigned for hydroelectric generation.

According to the auction schedule, on July 23, 2010, the awarded projects will be announced, and the signing of the contracts will take place on August 27. The awarded projects should start commercial operations by December 31, 2012.

On February 15, 2010, OSINERGMIN announced the 26 winning projects of the first RER Auction. On that occasion, a total of 887.24 GWh per year were awarded among generation projects based on biomass, wind, solar and hydro technologies. For additional information, view related February 16, 2010, news article - Peruvian Government Announces 26 Winning Projects in Renewable Energy Auction.

Click here to read this article in Spanish.

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