Through the Ahorro GNV program, the Ministry of Energy and Mining (MINEM) will finance the conversion to natural gas of 74 buses of the so-called Red Corridor, which connects the districts of Ate and San Miguel. The program, which is part of the Social Energy Inclusion Fund (FISE), finances the change of the engine of a diesel heavy vehicle for a CNG one with Euro V technology or higher, which also ensures greater efficiency in the use of the country’s the main energy resource.
The General Directorate of Hydrocarbons (DGH) of the MINEM highlighted that Ahorro GNV is aimed at companies and individuals in the public transportation sector who wish to access a more economical and sustainable fuel, which will provide them with greater profitability to their operations. Similarly, they stressed that the program, which does not include interest or an initial fee, is part of the government’s new policy to promote and intensify the use of natural gas and bring its benefits to more Peruvian families.
The DGH specified that, through this program, the company Allin Group – Javier Prado S.A.C. (operator of the Red Corridor) recently finalized the conversion of the first eight public transport buses on Route 206, which carry approximately 550 passengers per day and travel approximately 84 kilometers per day.
In a next stage, Ahorro GNV will finance the conversion of a group of 30 buses in the Red Corridor and, later, a fleet of 74 natural gas vehicles will be completed that will allow the company to provide a modern, sustainable and high-quality urban transport service .
The repayment of the financing is made progressively through reduced payments that are added in the CNG refills. The program contemplates the repayment in a period of five years and grants a grace period of two months to initiate the collection.