June 3, 2024. In order to diversify the energy matrix and since the transportation sector represents 42% of final energy consumption, the Ministry of Energy and Mines of Peru, as administrator of the Energy Social Inclusion Fund (FISE), promotes initiatives that allow financing the conversion of heavy diesel vehicles to the compressed natural gas (CNG) system.
To date, there are 7,578 trucks that use CNG as fuel in the country, of which FISE has financed the conversion, either by engine change, dual fuel or overhaul, of 530 heavy vehicles.
FISE finances the conversion of the vehicle for an amount of up to S/ 200,000 soles in the case of the installation of a new CNG engine with Euro V technology or higher, and up to S/ 50,000 soles for the conversion of the engine (overhaul) or the installation of dual-fuel equipment (diesel and CNG).
The disbursement of the financing is carried out by FISE, directly to the conversion workshop, so the beneficiary does not disburse any amount, with the financing payment being made later, according to the schedule signed by the beneficiary.
The financing payment is made under two modalities; through the Natural Gas Loading Control System, that is, every time the beneficiary loads CNG into the vehicle, an additional percentage will be added to the natural gas consumption; or through direct deposit, which allows the beneficiary to make the payment of fees at the Bank’s window.
It is worth mentioning that, if the client pays installments through direct deposit, collection will also continue to be made through the consumption of natural gas for the payment of the financing.
The Ministry approved the 2024 Annual Promotions Program, which grants an amount of approximately S/ 62,500,000 soles for conversions of diesel vehicles to CNG, which is equivalent to about 500 units nationwide.
