Iberdrola-led tie-up bids in Chilean transmission tender

Transmission lines. Author: Nayu Kim. License: Creative Commons, Attribution 2.0 Generic.

October 8 (Renewables Now) - A group of energy-sector companies led by Spanish utility Iberdrola SA (BME:IBE) will take part in the tender for the construction and operation of Chile's first long-distance HVDC power line, which will have a capacity of 3 GW.

The 600-kV power line will be 1,500 km long and will require an investment of more than USD 2.5 billion (EUR 2.1bn), Iberdrola said today.

Runnning between the Kimal substation, in the Antofagasta region, and Lo Aguirre, in the Metropolitan region, the scheme includes the construction of two converter stations, using Siemens technology, and the upgrading of existing substations.

The consortium, in which Iberdrola has a 60% stake, includes Celeo, a subsidiary of Spanish Elecnor SA (BME:ENO), and Dutch pension fund APG.

The tender has just started and the winner will be announced on December 13, 2021. Commissioning of the new line is expected to happen at end-2028.

(USD 1.0 = EUR 0.865)

More stories to explore
Share this story
Newsletter
Tags
 
About the author
Browse all articles from Lucas Morais

Lucas is based in Brazil. He joined Renewables Now to expand coverage of the Ibero-American market, a highly attractive destination for green energy investment.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription
\