Peru’s Ministry of Energy and Mines (MEM) has signed a 15-year investment contract with local power provider Ergon Peru SAC for the installation of 150,000 solar panels to provide electricity to remote areas of the country.
Ergon Peru, which is run by Tozzi Holding Group, also signed service contracts with 11 energy distribution companies to manage a network for the users. Operation and maintenance of the solar facilities will be transferred to these distribution companies at the end of the 15 years in 2031.
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Ergon Peru has been awarded an annual fee of US$11.4 million for northern Peru, US$8.9 million for central and US$8.4 million for the south.
Deputy minister of energy, Raul Perez-Reyes Espejo and a representative of Ergon Peru SAC, Jorge Bravo Robles, signed the investment agreement.
The commercial operation of the first 2,000 PV plants is scheduled for August 2015.
Meanwhile at least 149,000 facilities are expected to be operational by August 2016.
An additional number of installations, which would bring the total to 500,000, is expected by December 2018 and this would supply electricity to the same number of households and to more than 2,000 schools.
