The Peruvian Ministry of Energy and Mines (MINEM) has signed contracts with private partners for three transmission P3 projects.
Spanish firm Celeo Redes signed the contract for the Piura Nueva - Frontera transmission P3 project, having been awarded the deal in August, seeing off competition from three other teams.
The project will see the firm deliver a new major substation and transmission line as part of the 270km Ecuador-Peru interconnection program. The program is being developed to mitigate the risks from natural disasters, ensuring an electrical supply in cases of emergency.
The 30-year concession agreement will require around $223m of investment.
Meanwhile, two further transmission P3 projects were awarded by Peru’s private investment promotion agency, ProInversion: the 500 kV Huánuco-Tocache-Celendín-
The two projects will have a concession period of 30 years of commercial operation, plus 66 months for the development of infrastructure.
“With this award we are increasing the operating conditions of the transmission system in seven departments of the country, which will promote the development of commercial, industrial and service activities, by having a supply of quality and reliable energy”, said ProInversion executive director, José Salardi.