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Financing energy transformation at the subnational level in Peru

Financing energy transformation at the subnational level in Peru

Presenting Lima’s rapid fuel matrix switch from high sulfur content diesel to Compressed Natural Gas — mitigating risks, innovating financial structures, and pioneering information and communication technologies to establish an enabling environment at the local level.
Themes
  • Transport
Location

Peru, Latin America and the Caribbean

Case Summary

This project presents Lima’s rapid fuel matrix switch from high sulfur content diesel to Compressed Natural Gas (CNG)— mitigating risks, innovating financial structures, and pioneering information and communication technologies (ICTs) to establish an enabling environment at the local level.

In less than 9 years, the COFIGAS program has created partnerships that put more than 199,276 CNG vehicles in circulation (156,676 vehicles converted from diesel or gasoline and 42,600 new CNG vehicles). In addition, in three years (2009-2011), financing was approved for the acquisition of 714 new CNG buses for public transportation.

Results supported byUNDPWorld Resources InstituteTransparency partnership