- Press Releases
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)