Colombian ISA To Invest $550 Mln in Transmission in Peru

Colombian electricity group Interconexion Electrica SA (ISA) projects to invest nearly $550 mln (380 mln euro) in new electricity transmission infrastructure in Peru over the next four years, the managing director of ISA's local subsidiary Red de Energia del Peru (REP), Carlos Ariel Naranjo said on September 8, 2008.

REP has recently presented to the Peruvian Energy and Mines Ministry a plan for electricity transmission projects, due to be developed over the next 10 years. The plan includes the construction of a 500 kV line between Chimbote and Trujillo, and another line of 220 kV between Trujillo and Cajamarca, all in the northern part of the country.

The new lines are necessary amid the expansion of the local mining sector, Naranjo explained.

REP will focus on northern Peru, as the electricity demand in the southern part of the country will be guaranteed by several ongoing projects.

On September 8, ISA signed a 30-year concession contract for the construction and operation of the 94 km Chilca-La Planicie-Zapallal line. ISA won the concession on June 17.

Besides REP, ISA is present in Peru's power transmission sector through TransMantaro and ISA Peru.

Publication: Business Digest
Provider: AII Data Processing Ltd.
Date: September 9, 2008

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