Peru seeks bids for power from new hydro projects

Peru’s private investment agency seeks bids to supply power from new hydroelectric projects with delivery beginning in 2013. Applications for qualification are due May 15, followed by power price bids June 24.

Agencia de Promocion de la Inversion Privada (ProInversion) seeks power supply bids from companies having definitive or temporary concessions to develop hydroelectric projects. Bidders must have experience operating or constructing a hydro plant of at least 50 MW in the last 10 years.

ProInversion said the purchase of blocks of energy from new hydro projects in the medium term will facilitate financing of the projects. It said such agreements grant the security of the Peruvian government to a project. In addition, it said the government would support investor efforts to avoid delays of permitting, licensing, or social conflicts.

Bids are to include the price of supply in dollars per megawatt-hour on January 1, 2013, and the amount of energy offered. ProInversion plans to award contracts based on the lowest energy price, purchasing energy blocks until the contracts covers power system demand.

In the first quarter of 2009, ProInversion plans to disseminate tender documents and the first drafts of concession contracts and power supply contracts. In the second quarter, it plans to provide final contract versions and to name winning bidders. A fee of US$2,000 is required to participate.

Bidding documents, in Spanish, may be obtained from the ProInversion Internet site, www.proinversion.gob.pe, under the link www.proinversion.gob.pe/0/0/modulos/JER/PlantillaFichaHijo.aspx?ARE=0&PFL=0&JER=3889. ProInversion will accept queries until April 16.

Applications for qualification are due May 15. Bids are due June 24. Winning bidders are to be named June 26.

For information, see ProInversion’s Internet site, www.proinversion.gob.pe, or contact Luis E. Cuneo Nettles, ProInversion, Paseo de la Republica No. 3361, Edificio Petroperu, Piso 8, San Isidro, Lima, Peru; (51) 1-6121200, extension 1341; Fax: (51) 1-6121210; E-mail: lortigas@proinversion.gob.pe.

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