Calidda to reach 70% penetration in Lima and El Callao in six, not four,years

In the next six years, 70% penetration of the residential market in Lima and El Callao will be achieved by natural-gas connections, says the firm in charge of such activity, Calidda Gas Natural de Peru. The firm's general director, Ernesto Cordova explains that, at present, penetration is at 17%, adding that in four years time 50% penetration should have been reached.

However, the Ministerio de Energia y Minas (MEM) has stated that Calidda should be reaching the 70% mark in just four years. Cordova suggests that this is unrealistic and that no country worldwide has been able to make such progress (Argentina took eight years and Colombia, even longer). He is aware that the firm will pay a tariff-based penalty for not reaching the 70% mark.

Publication: SABI - Business News
Provider: South American Business Information
September 1, 2009