Financial Support Fund for Electrification of Non-interconnected Areas-FAZNI
The National Government through the Law 633, 2000; Articles 81 to 83 and Regulatory Decree 1124, 2008, establish the Financial Support Fund for Electrification of Non-interconnected Areas (FAZNI)
FAZNI main is to finance plans, programs and investment projects in energy infrastructure for Non-connected areas (ZNI), in accordance with the law established by the Ministry of Mines and Energy, according to political guidelines established by the National Council of Economic and Social Politics, in documents such as CONPES 3108 from 2001 and 3453 from 2006. The above in order to expand coverage and ensure demand energy satisfaction in Non-connected areas
Law 855, December 18-2003, defines areas which are considered Non-interconnected and set priorities to allocate FAZNI resources
Plans, programs, and projects whose will be eligible to allocate FAZNI funds, could be presented through the following mechanisms:
1. As a result of public invitations designed by the Ministry of Mines and Energy, for infrastructure investment projects in non-interconnected areas.
2. As a result of public invitations designed by the Ministry of Mines and Energy for total or partial implementation of require infrastructure through sustainable management schemes to offer electrical service in Non-interconnected areas, according to article 65, Law 1151, 2007.
3. On the initiative of local authorities, of IPSE or electrical service suppliers, from SIN-National Interconnected System or ZNI-Non Interconnected Areas. If projects become part of schemes described in paragraphs 1 and 2, those can not be presented by the mechanism described in this paragraph.
In accordance with the guideline established in Decree 1124, 2008, the Ministry of Mines and Energy will establish conditions for the presentation forms of described projects in paragraphs 1 and 2.
FAZNI Regulation is structured according to Regulatory Decree 2884 from 2001 and by internal rules established by the Management Committee through the following agreements and the Projects Presentation Manual
The management committee of the Financial Support Fund for the Electrification of non-interconnected areas has allocated funding for construction of new electricity infrastructure