The BonoGas Vehicular program, which provides financing so that car owners can pay for the conversion to natural gas, has served 8,529 users as of December 2020, greatly exceeding the goal originally set by the Ministry of Energy and Mines (Minem).
The initiative, financed with resources from the Social Energy Inclusion Fund (FISE), has been under implementation since September 2018 and, at the end of 2019, had reached a coverage of 5,477 users. Minem had foreseen that by the end of 2020, at least 7,256 vehicles should be converted to CNG.
However, the program positively exceeded the established goal and, with the figure reached in 2020, it has obtained a growth of over 50% compared to the previous year, consolidating the program as a fundamental tool in the process of promoting the widespread use of natural gas in the country.
The BonoGas program is implemented in seven regions: Piura, Lambayeque, La Libertad, Junín, Ica, Lima and Callao, and provides accessible credit, with an interest rate of less than 3% per year, so that owners of light vehicles (Category M1) can use CNG, achieving significant savings through a clean and economical fuel.
This initiative is aimed at all vehicle owners and, as of 2020, a pilot program was started to extend its coverage to public transport, providing financing to transport companies to help them convert their vehicles to run on natural gas, replacing diesel.
Conversions are carried out in conversion workshops authorized by the Ministry of Transportation and Communications (MTC), with a guarantee, fifth-generation CNG conversion equipment, all of which will result in improving vehicle performance.
In 2021, the Minem aims to intensify the adoption of natural gas, and therefore BonoGas will continue to grow, in order to benefit a greater number of private users and entrepreneurs who carry out work by taxi or mobility services.