Petroamazonas Seeks Private Investment for Power Generation Projects
Petroamazonas EP presented the project “BOOT – 2020 (Built Own Operate and Transfer)” for the contracting of integrated services with financing of engineering, procurement, construction, operation and maintenance of power generation plants in four areas of the Amazon district.
The process will include private investment for approximately USD 516 million for the construction of gas and crude power generation plants that will contribute a total of 232 megawatts of power to the Central (Sacha and Pucuna), South (Auca) areas. , North (Cuyabeno-Sansahuari, VHR, Guanta) and East (Eden, Block 31 and Block 43), located in the provinces of Orellana and Sucumbíos.
The Secretary of State said that this initiative will allow the promotion of new investments in the hydrocarbons sector through companies that have the technical and economic solvency to build power generation plants that can meet the demand of Petroamazonas EP. “These plants will use crude oil and gas as fuel, instead of imported diesel, which will allow significant savings for the State, in addition to reducing CO2 emissions and extending the life of oil fields,” he added.
For his part, the General Manager of Petroamazonas EP, Juan Carlos Bermeo, said that the development of this project is part of the Social Energy Pact, which has as its principle the promotion of agreements that allow increasing the country’s oil production.
The BOOT 2020 project is part of the Energy Efficiency Program implemented by the state oil company, which allows the use of gas associated with oil for power generation. It should be noted that since 2017, Petroamazonas EP saved around USD 713 million from diesel displacement, thanks to the start-up of four power generation plants that use gas associated with oil as fuel and the interconnection between the Electric and Petroleum Systems, which They have allowed reducing CO2 emissions to the environment by 652,000 tons and avoiding the consumption of 321 million gallons of imported diesel.
The National Government will continue to develop hydrocarbon projects with innovation, technology, social and environmental responsibility, which benefit the country.
