VOLUNTARY CORPORATE PURCHASE OF PROPERTY INSURANCE FOR ELECTRIC DISTRIBUTION COMPANIES UNDER THE SCOPE OF FONAFE

This tender concerns the voluntary corporate purchase of property insurance for electric distribution companies operating under the purview of the National Fund for Financing Business Activity (FONAFE). FONAFE, the contracting entity, is seeking to procure comprehensive property insurance coverage for its affiliated electricity distribution firms. The objective is to secure robust protection against potential risks and damages to the assets of these companies, ensuring business continuity and financial stability.

The procurement process, identified as CP SER-SM-6-2025-FONAFE-1, is being conducted through a Public Competition for Services method. This indicates that eligible service providers specializing in insurance brokerage and underwriting are invited to submit their proposals. Key requirements are expected to include demonstrated experience in managing large-scale corporate insurance portfolios, particularly within the energy sector, and the ability to offer competitive terms and conditions for property insurance.

The scope of the insurance is anticipated to cover a wide range of assets and potential liabilities associated with the operations of electric distribution companies, such as infrastructure, equipment, and business interruption. The location for this procurement is Lima. FONAFE aims to leverage a corporate purchasing strategy to achieve economies of scale and obtain optimal insurance solutions for its member companies, thereby enhancing risk management and operational resilience across the electricity distribution network under its supervision.

This is a services contract in the governance and public administration sector. Located in Peru, Latin America, this opportunity is open to firms and consortiums, with an estimated budget of USD 7.1 million.

Published through Peru SEACE, a national government procurement portal. Public procurement tenders follow the country's national bidding regulations and may have specific eligibility and documentation requirements for services in the governance and public administration sector. Service contracts are typically evaluated on both technical quality and price, and may require bidders to demonstrate relevant experience and qualified personnel. This contract has already been awarded. The information is published for transparency and market intelligence purposes.