ProInversión to award $217 M-worth transmission project in July
Peru, Lima: The Private Investment Promotion Agency (PROINVERSIÓN) plans to award the Piura Nueva – Frontera Substation 500 kV transmission line project in July 2023.
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Peru, Lima: The Private Investment Promotion Agency (PROINVERSIÓN) plans to award the Piura Nueva – Frontera Substation 500 kV transmission line project in July 2023.
The project is part of the development of the 500 kV electrical interconnection between Peru and Ecuador.
The estimated investment in this project is $217 M, and the concession period covers the construction period of 46 months and 30 years of operation and maintenance from its commercial operation.
“The development of the project will provide energy supply security for Peru and Ecuador, increasing reliability and the capacity to transport electricity with efficiency and quality. The hydrological complementarity between the basins of both countries will allow an exchange of electrical energy at lower costs (efficient)”, highlighted the executive director of PROINVERSIÓN José Salardi.
The 500 kV transmission line Piura Nueva substation – Frontera is promoted through the public-private partnership modality. Among the concessionaire’s obligations is the construction of the 500 kV transmission line in Peru, from the Piura Nueva substation to the border crossing point, with an approximate length of 270.3 km. Likewise, the Piura Nueva substation will be expanded by 500 kV, including an area separation scheme in order to isolate any of the electrical systems, in the event of a contingency in the other.
While this project is implemented on the Peruvian side, Ecuador will do the same on its own, making the electrical interconnection between the two countries a reality.
When the electrical interconnection comes into operation, there will mean reliability of the security of power supply for both countries.
Source: bnamericas
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