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Compliance of the Renewable Energy Resources Electricity Generation Agreement (Garantía de Fiel Cumplimiento del Contrato de Generación de Electricidad con Recursos Energéticos Renovables)

Source: IEA/IRENA Renewables Policies Database
Last updated: 29 March 2017

Peru’s auction system has a strong reliance on financial guarantees to ensure the performance of bidders. Resolution on Compliance of the Renewable Energy Resources Electricity Generation Agreement adopted in 2009 regulates bid and construction guarantees for all concessionaires who, in due course, were successors as a result of their participation in the Renewable Energy Auctions, and have signed the corresponding Contract with the Peruvian State.

The actual amount of the guarantees is established in each auction.

 

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