Peru launching tender for 500 MW of renewable projects, including geothermal
Peru's energy and mining investment regulator Osinergmin will launch a tender for renewable generation projects with a total 500MW planned for October 15, 2009, including geothermal energy projects in the country.
Reported from South America, “Peru’s energy and mining investment regulatorwill launch a tender for renewable generation projects with a total 500MW in the final quarter of the year, according to state news agency Andina.
The ministry is waiting until the final quarter of the year in order to allow potential investors to define the location of their projects, the agency reported energy and mines minister Pedro Sánchez as saying.
The tender will be launched under the terms of a legislative decree of May 2008 that aims to stimulate renewable generation investment.
The decree declares renewable generation of “national interest” and “public necessity,” and aims for renewables to make up to 5% of the generation mix during the decree’s first five years. Large-scale hydroelectric plants are not considered in this percentage, BNamericas reported at the time.
The energy and mines ministry () aims for the tender largely to draw proposals for new wind projects and, to a lesser degree, small-scale hydroelectric and geothermal projects, according to the report.
MEM will draft the bidding rules for the tender process.”