Peruvian Government Announces Companies in First Renewable Energy Auction

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Researched by Industrial Info Resources (Sugar Land, Texas)--On January 29, 2010, the Supervisor Organism of Peruvian Energy and Mining Investment (OSINERGMIN) announced the qualified companies for the 500-megawatt (MW) first renewable energy auction in Peru. According to the information published by OSINERGMIN, 29 projects were approved, of which two are for biomass-fired power stations, six for windfarms, 15 for mini-hydro power plants, and six for solar power plants.

On October 15, 2009, the invitation for the auction was released by the OSINERGMIN, and 22 participants presented their proposals by January 18, 2010. On February 15, 2010, the awarded companies will be announced. According to the official schedule, contracts should be signed on March 31, 2010.

This auction completes the provision of 1,314 gigawatt-hours per year from renewable sources to the Interconnected National Electric System (SEIN) for a fixed price over 20 years, starting December 31, 2012.

The plan requires a 500-MW installed capacity to be distributed between biomass-fired power plants (62%), windfarms (24%) and solar power plants (14%).

The Peruvian electricity generation matrix has little diversification, with only two types of generation: hydropower plants and fossil-fuel combustion plants. In December 2009, 67% of the energy produced came from hydropower plants, while the remaining 33% came from gas turbines (17%), combined-cycle plants (11%), steam turbines (4%), and diesel internal combustion engines (1%).

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