March 12 (Renewables Now) - Colombian holding company Interconexion Electrica SA ESP, also known as Grupo ISA, has been awarded a contract to build a 275-kilometre (170.9 miles) long transmission line at home in a public tender organised by national mining and energy planning unit UPME.
The project will include the design, construction, operation and maintenance of a transmission line between the 500-kV Sogamoso and the 500-kV La Loma substations in the departments of Norte de Santander and Cesar.
Grupo ISA said in a statement on Wednesday it expects to generate annual revenues of USD 9.4 million (EUR 8.4m) once the transmission line is switched on. The operations should commence by the end of 2023.
The company's subsidiary ISA INTERCOLOMBIA will execute the projects and later operate the transmission line.
The La Loma-Sogamoso line will strengthen the national transmission system in the north of Colombia and facilitate the integration of non-conventional renewable energy, which the country will have in abundance after holding two successful power auctions in 2019 and attracting sufficient interest from investors.
Grupo ISA further stated that La Loma-Sogamoso is its third interconnection project for renewables in Colombia. The previous two have been completed.
(USD 1.0 = EUR 0.89)