Columbia transmission group plans transmission projects
Three of the tenders eyed by the company will be held in Peru, consisting of 220 kV lines Carhuaquero-Cajamarca Norte-Moyobamba, Moyobamba-Iquitos and Machupicchu-Tintaya
Bogota, Columbia, May 14, 2012 — Colombia's state-owned transmission group ISA plans to participate in six tenders for new projects across the region during the remainder of 2012, the firm revealed in its 1Q12 results presentation.
Three of the tenders eyed by the company will be held in Peru, consisting of 220 kV lines Carhuaquero-Cajamarca Norte-Moyobamba, Moyobamba-Iquitos and Machupicchu-Tintaya. ISA estimates investments in the three tenders, slated for 2H12, to reach $535 million.
In Colombia, the company also plans to participate in separate tenders awarding contracts for the 86-mile, 230 kV Chivor-Chivor II-North-Bacatá transmission line, as well as the construction of the 220 kV Termocol substation and a reconfiguring the Termoguajira-Santa Marta line.
Meanwhile in Brazil, ISA revealed that it plans to bid in a tender to construct transmission lines linking the 11.2 GW Belo Monte hydropower dam in the northeast of the country to the national grid.
Figures in the region of $2 billion to $3 billion have been touted for the transmission line. ISA anticipates a tender for the project could be organized by state power regulator Aneel in 3Q12. The firm participates in the country through its unit Companhia de Transmissão de Energia Elétrica Paulista.
ISA has also shown its intention to enter new markets this year, recently participating in a tender for trunk line transmission projects on Chile's central SIC power grid. The firm was one of eight to submit bids in the round, through which contacts worth an estimated $800 million in investment will be awarded later this month.
The company is also overseeing the development of a 372 mile power line linking the Colombian and Panamanian grids for the first time.
The line will have an initial transmission capacity of 300 MW, with the option to be extended up to 600 MW. An auction for allocating the capacity is planned for this year, with the first power transactions between the two countries expected to take place in early 2015.