The Peruvian Government has collected the total performance bonds' penal sum owed by Odebrecht-led consortium Gasoducto Sur Peruano (Peruvian Southern Gas Pipeline) for breach of contract, the Energy and Mines Ministry informed on Friday.
"This afternoon, the Ministry received two certified checks valued at US$196.875 million as settlement of outstanding performance bonds. The payment adds to the US$65.625-million received last Wednesday, January 25," an official statement said.
Formed by Brazilian Odebrecht, Spanish Enagas and Peruvian Graña y Montero, Gasoducto Sur Peruano was assessed US$262.5 million in guarantees following the termination of the Southern Gas Pipeline contract.
The consortium has been forced to return the concession after missing a financing deadline last Monday, January 23, amidst Odebrecht's massive graft scandal.
"The Energy and Mines Ministry renews its commitment to continue working actively towards guaranteeing natural gas supply to all southern regions in the shortest possible time," the statement concluded.
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