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Project Update

Nueva Diego de Almagro Project, Chile [free access]

May 3, 2017

Developer: Celeo Redes Chile Ltda, the local subsidiary of Spain's Elecnor (51 per cent) and Netherlands-based pension fund manager APG Asset Management (49 per cent)

 

Project details and status: The scope of the project includes the construction of the Nueva Diego de Almagro sectioning substation; extension of the Cumbres substation; construction of a new, 52-km, 2x220 kV line from the Nueva Diego de Almagro substation to the Cumbres substation; and sectioning of the 1x220 kV Diego Almagro–Carrera Pinto and 2x220 kV Cardones–Diego de Almagro lines at the Nueva Diego de Almagro sectioning substation. The USD90 million project will be financed with both own capital and long-term debt.

 

In April 2017, Chile's Atacama region (III) environmental evaluation commission began examining the USD59.6 million Nueva Diego de Almagro–Cumbres portion of the transmission project.