Since 2023, the year in which some contracts with Luz del Sur will begin to expire, thermoelectric Fenix, operated by Colbún, aims at the mining sector, says its general manager Juan Miguel Cayo in the framework of Perumin 35.
The company had not been able to participate in that market before because at the beginning of its operation in Peru its leverage was thanks to contracts with distributors. "Luz del Sur takes two thirds of the electricity generation but, as from next year, contracts will start to expire and energy will be released to be used by mining companies or other types of industries", he told gestion.pe.
Cayo pointed out that the intention of its participation in Perumin is to approach the mining sector in order to leverage a long-term contract that will allow the construction of its renewable energy projects.
In the last two years, says Iván Quiroz, Fenix's Renewable Energy Manager, the company has allocated around US$ 4 million for work in the pre-operational phase for its Sunilo solar park (Moquegua), Bayóvar wind project (Piura) and Piletas in Ica.
In the case of Sunilo, the company expects to receive approval of the environmental permit in October of this year and then request the definitive concession and begin construction, which will require an investment of US$100 million. The goal is to reach the commercial operation phase by 2024.
Regarding the 250 MWh Bayovar project, the investment cost would amount to US$ 350 million (at current cost). The environmental processing is still underway and construction is not expected to begin until 2024. Its commercial operation would be ready by the end of 2026 or early 2027.
"These projects, when injected into the national interconnected system, we will be able to close contracts with industries or mining companies that may be at the other end of the country", said Quiroz, who added that in Arequipa they also have a solar park project under development, but "at an incipient stage".
Fenix's objective is to continue exploring new projects in the southern part of the country.
The thermoelectric company will close this year with a 10% increase in its turnover compared to 2021, which Cayo considers "the best year in the history of Fenix", thanks to higher sales to regulated clients.