Iberdrola bids for US$2.5bn power line contract

By Leila Steed11 October 2021

Energy company Iberdrola has bid for a US$2.5 billion contract for the installation of a new high voltage direct current (HVDC) power line in Chile.

Said to be the “first long-distance” power line in Chile, the new 600kV HVDC line will run for 1,500km from the Kimal substation in the country’s Antofagasta region to Lo Aguirre in the Metropolitan region. 

Acting as part of a consortium alongside Spanish infrastructure specialist Elecnor (Celeo) and Dutch pension fund APG, Iberdrola - the consortium’s controlling stakeholder - is now leading the group’s tender submission for the project. 

With a capacity of 3,000MW, the new HVDC power line project includes upgrade works to a number of existing substations and the construction of two converter stations.

The converter stations will incorporate technology from Siemens and will “support the connection of renewable energy” in regions where there is a high demand.

The company, which already operates over 1.2 million kilometres of electricity transmission and distribution lines globally, said, “Chile has the potential to be a new growth market for Iberdrola, following the company’s entry in to new European and Asia Pacific markets in the last 18 months, and new investments announced to strengthen its position in core markets.”

According to Iberdrola, the contract award will be announced on 13 December, 2021. While no start date for the project has been indicated, the installation is expected to be completed in 2028.

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, World Construction Week Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Longer Reads
How can employers overcome skills shortages and fill vacancies?
As the pandemic further exacerbates problems finding good new employees, how can employers fill vacancies? 
How is digitisation changing the falsework and framework process?
Digitisation is taking hold in several areas of the falsework and formwork process, enabling the sector to increase efficiency, reduce costs and plan even more ambitious projects
Is construction taking slave labour seriously?
The International Labour Organisation estimates that 4.5 million people are currently working in construction against their will
CONNECT WITH THE TEAM
Andy Brown Editor, International Construction Tel: +44 (0) 1892 786 224 E-mail: andy.brown@khl.com
Simon Kelly Sales Manager Tel: +44 (0) 1892 786 223 E-mail: simon.kelly@khl.com
CONNECT WITH SOCIAL MEDIA