The Executive Branch will appoint a Peru's Private Investment Promotion Agency (ProInversion) special committee to relaunch the Southern Gas Pipeline (GSP) tendering process in nine months, Peru's Energy and Mines Minister Gonzalo Tamayo affirmed.
As is known, the Peruvian government is set to hold a new auction for the major natural gas venture.
"The Executive Power will appoint a special committee at Peru's Investment Promotion Agency in order to relaunch the bidding process in a nine-month period, as requested by President Pedro Pablo Kuczynski […]," he said.
The minister noted efforts are being undertaken in this sense.
Formed by Odebrecht, Enagas and Graña y Montero, the Gasoducto Sur Peruano consortium was forced to return the concession after missing a financing deadline on January 23, amidst Odebrecht's massive graft scandal.
Gasoducto Sur Peruano was assessed US$262.5 million in guarantees following the termination of the Southern Gas Pipeline contract.
Tamayo went on to add future reports will serve to find out if companies Graña y Montero (Peru) and Enagas (Spain) are allowed to join the GSP tendering process that will rely on new rules.
"The new process rules will set out which companies will be allowed or capable of joining [the process], and we have requested legal reports to inform ourselves whether Enagas and Graña y Montero will face any restrictions," he added.
It must be noted an emergency decree allowed the hiring of an asset manager for the concession, since the project is half-built.
(END) MMG/JJN/MVB
Published: 2/21/2017