Celeo Redes wins the contract for construction, operation and maintenance of a power transmission line in Chile, representing an investment of USD 87.3 million

Celeo Redes Chile, a company jointly-owned by the Elecnor Group, has recently won an international public tender awarded by the Chilean Ministry of Energy, with an estimated associated investment of USD 87.31 million.

Elecnor Chile will be responsible for executing the project in EPC or ‘turnkey’ mode. Construction is expected to last 36 months and includes the construction, operation and maintenance of a 220kV double circuit transmission line with a length of 36 kilometres, as well as the construction of three extension projects.

These new infrastructures will be used to reinforce the structure of electricity transmission in Ovalle and the surrounding area. The city is roughly 500 kilometres north of Santiago de Chile, in the Coquimbo region.

With this new tender, the Elecnor Group has now executed more than ten projects in this country, through its Chilean subsidiary, since it was awarded the construction of the Ancoa-Alto Jahuel power transmission line in 2009, valued at over USD 300 million.

Recently, Celeo Redes and APG Asset Management acquired Colbún Transmisión for USD 1,295 million. This means a pooling of 29 assets of operational power transmission lines which between them total 899 km and 27 transmission substations throughout the country, which represents approximately 5% of the total transmission market in Chile. With this operation, APG and Celeo have become the second largest player in the regulated transmission market in Chile. Celeo Redes currently manages 2,025 km of lines, of which 612 are under construction and 1,413 in use, with a transformation capacity of 5,598 MVA.