Iberdrola bids for the construction and operation of a 1,500-kilometer electrical network in Chile


Madrid

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The consortium led by Iberdrola has been selected to participate in the tender for the construction and operation of the first long-distance direct current line in Chile, which will run 1,500 kilometers of 600 kV lines and a capacity of 3,000 MW, between the substation from Kimal, in the Antofagasta region, and Lo Aguirre, in the Metropolitan region. The planned investment in the development of this infrastructure exceeds 2,275 million euros.

Iberdrola is participating in this tender in a consortium, of which it holds 60%, together with Celeo, in which the Spanish Elecnor, and the Dutch pension fund APG, participate. Elecnor is a company with which the energy company collaborates in numerous national and international projects and with an experience of more than a decade in the country, in which it has built more than 1,000 kilometers of electricity grid lines and infrastructure.

The project includes the construction of two direct current converter stations (LCC, ‘line-commutated current-sourced converter’), with proven Siemens technology similar to that used in the Western Link line, operated by Iberdrola in the United Kingdom, which they will allow the evacuation of renewable energy in the regions of greatest demand. Likewise, it contemplates other sections of alternating current link and works to improve the existing substations.

The bidding process started today, with the presentation of the bids, will culminate with the selection of the winning consortium on December 13, 2021. The commissioning of the line is estimated in 2028.

If it is the winner, Iberdrola would start its activity in a new international growth platform, Chile, after strengthening its position in core markets over the last year and a half and entering other European and Asia-Pacific countries.

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