Colombia awards Nueva Esperanza - La Virginia transmission project
The Colombia's Mining and Energy Planning Unit (Unidad de Planeación Minero Energética –UPME) has announced it has awarded the Nueva Esperanza - La Virginia transmission project to Alupar Colombia S.A.S.
With an economic offer of US$182 million, the company beat out competition from the following teams:
- Eléctrica Colombia S.A.
- Empresa de Energía de Bogotá, S.A.
The project includes the finance, construction, operation and maintenance of a 500 KV line from the Nueva Esperanza substation in the Department of Cundinamarca to the La Virginia Substation located in the Department of Risaralda and additionally two substations of 500 KV in each one.
The 225km-line will connect the central and southwestern area of the country. The project, which will benefit more than 2 million homes, will cross the departments of Risaralda, Cundinamarca, Tolima, Quindío and Valle del Cauca.
Alupar Colombia is part of the Brazilian Alupar Group, which maintains 26 transmission concession, totaling 6,788 km of transmission lines, in Brazil with a term of 30 years and one lifetime in Colombia.
Jorge Alberto Valencia Marín, director of the UPME, stated:
"On this occasion, the project was awarded to a new player from the market with foreign origin, reflecting the transparency, objectivity and credibility of this scheme of execution of infrastructure at a global level"
Country news
-
-
September 30, 2016
Graña y Montero win transmission project in Colombia
Graña y Montero an engineering and construction company, has announced that the consortium formed by its subsidiary Morelco, was awarded the Buena Pro of a contract for US$149 million for the execution of the Regional Transmission System located in the Colombian Atlantic Coast. Read more -
July 28, 2016
Colombia awards transmission concession
The Colombia's Mining and Energy Planning Unit (Unidad de Planeación Minero Energética –UPME) has awarded the 230 kV La Enea transmission project to Central Hidroelectrica de Caldas S.A. (Chec). Read more -
July 14, 2016
Gran Tierra Energy Inc. announces acquisition of PetroLatina Energy Ltd. in Colombia
Gran Tierra Energy Inc. has entered into an agreement to acquire PetroLatina Energy Ltd. for cash consideration of CAD525 million (US$402 million), consisting of an initial payment of CAD500 million at closing, subject to closing adjustments, and a deferred payment of CAD25 million prior to December 31, 2016. Read more -
July 14, 2016
Brookfield closes $14 Billion Global Infrastructure Fund
Brookfield Asset Management Inc. has announced that it held the final close on Brookfield Infrastructure Fund III (BIF III) with an aggregate of US$14 billion of equity commitments, creating a global infrastructure fund that invests in high-quality, core infrastructure assets on a value basis. Read more -
June 14, 2016
ISA awarded transmission concession in Colombia
Colombia's Mining and Energy Planning Unit (UPME) has awarded to ISA the 230-kV San Antonio substation and associated transmission lines project. Read more
