Regional development initiatives launched in Peru and Chile

In Peru, the Ministry of Housing, Construction, and Sanitation has signed an agreement with the Provincial Municipality of Jorge Basadre in Tacna to allocate S/ 3.3 million from canon resources toward social housing. This initiative, the first of its kind in the country to use canon funds for this purpose, will finance 100 Family Housing Bonds through the Techo Propio program. Each bond is valued at S/ 33,000, with beneficiaries contributing a personal saving of S/ 2,475 to build 35 m² homes on their own land.

In Chile, the Ministry of Energy and the company Colbún are advancing the “Energía Comunitaria Asociativa” project. This community photovoltaic park, located in the Los Lagos region, aims to benefit approximately 200 families in Cochamó and Puerto Montt. The project involves a total investment of 430 million pesos, split equally between public funds and private investment from Colbún. Participating families in sectors such as Lago Chapo are expected to see annual electricity bill reductions of approximately 150,000 pesos.