(Energy Analytics Institute, Jared Yamin, Ian Silverman and Aaron Simonsky, 16.Dec.2018) — Heard on the street and other LatAmNRG briefs from Chile on its $515 million Energy Access Fund, Mexico’s national refining plan, Peru’s controversial gas tax, and CAF’s $500 million debt fund in Uruguay.
Chile Dedicates $515 Mln To Energy Fund For 2018-2019
(Energy Analytics Institute, Aaron Simonsky, 15.Dec.2018) — Chile has allocated $515 for an Energy Access Fund 2018-2019 that will be destined for projects across the country.
The fund was officially launched in Macaya during a ceremony attended by Chile’s Energy Minister Susana Jiménez.
With the fund, social organizations can apply to finance improvements or access energy for communities in rural and isolated sectors by visiting www.energia.gob.cl/fae, the ministry announced in an official statement on its website.
Pemex Announces Plans For Mexican Refineries
(Energy Analytics Institute, Jared Yamin, 9.Dec.2018) — Pemex announced the refineries at Cadereyta, Madero, Minatitlán, Salamanca, Salina Cruz, and Tula will be reconditioned, while a new refinery will be built in Dos Bocas, in the state of Tabasco.
“With the investments from the Mexican Government, the current disaster prevailing in our refineries will come to an end,” announced Pemex CEO Octavio Romero in a Pemex official statement.
Additionally, Romero said 1,863,000 b/d of crude oil will be processed by 2022, which will enable Pemex to produce around 781,000 b/d of gasoline and 560,000 b/d of diesel fuel.
SNI President Says Peru Gas Tax Consitutes Double Payment
(Energy Analytics Institute, Ian Silverman, 16.Dec.2018) — The natural gas “tax” for making the product available to mass markets, which is supported by Osinergmin, in addition to a one-time initial tax that must be paid by the consumer, constitutes a charge that generates duplication of payments, warned National Industries Society Energy Commission President Marco Mejía.
“This action directly damages the rights of consumers and affects industrial, commercial and domestic sectors,” reported online media El Comercio, citing Mejía.
CAF Debt Fund To Provide $500 Mln For Uruguayan Infrastructure
(Energy Analytics Institute, Aaron Simonsky, 13.Dec.2018) — With the aim of channeling resources to finance long-term infrastructure projects, CAF created the “Debt Fund” financial trust for infrastructure projects in Uruguay. The fund, also known as “II CAF-AM,” is valid for 30 years. Over the next five years, the fund will have a maximum amount of $500 million authorized by the Central Bank of Uruguay (BCU), reported online media LaRed21.
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