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LT Puerto Maldonado-Iberia and Chira Valley Substation will boost Madre de Dios and Piura

Lima, July 22, 2021.- PROINVERSIÓN informs that the Ministry of Energy and Mines (MINEM) and the company Puerto Maldonado Transmisora de Energía S.A.C. signed the two Concession contracts for the 138 kV Puerto Maldonado - Iberia Transmission Line and the 220/60/22.9 kV Chira Valley Substation projects, as well as the respective Peruvian State guarantee and security contract.

In this way, an important step has been taken in the development of both projects, which will allow meeting with efficiency and quality the growing demand for electricity in the departments of Madre de Dios and Piura, supporting their economic growth and improving their quality of life.

Last April, the company CELEO REDES, S.L.U. -which subsequently incorporated the company Puerto Maldonado Transmisora de Energía S.A.C.- won the successful bid for the Puerto Maldonado - Iberia Transmission Line and Chira Valley Substation projects by offering a total investment cost, for the two projects amounting to US$ 28’821,826.17 and a total annual operation and maintenance cost of US$ 847,881.34. As a result of a competitive process -four (4) bidders presented their financial offers- the investment cost offered was lower by 38.6% compared to the maximum values established in the bidding (US$ 46.9 million).
“Both projects will benefit more than 560,000 Peruvians in Madre de Dios and Piura and will promote new entrepreneurship and productive, commercial and tourism activities in the two departments,” highlighted the executive director of PROINVERSIÓN, Rafael Ugaz.

He said that it is important to have a strong electricity transmission system to bring energy from generation centers to consumption centers in a continuous manner, at reasonable costs and without interruptions. “Investments through the Public-Private Partnership (PPP) mechanism have contributed decisively to this purpose,” he added.

“In PROINVERSIÓN we continue promoting projects in the nationwide electricity sector and of great economic and social impact. In the first quarter of 2022 we plan to award the US$ 163 million 500 kV Piura Nueva - Frontera Transmission Line project, which is part of the Peru-Ecuador Electric Interconnection,” highlighted the executive director of PROINVERSIÓN.

The representative of the company Puerto Maldonado Transmisora de Energía S.A.C., Jorge Fresnillo, congratulated the Peruvian State entities for developing this bidding process. “Have no doubt that we will comply with what we have signed, and our desire is to continue participating in this type of processes that are in line with our expectations of having a greater presence in the Peruvian electricity market,” he said.

Projects
The 138 kV Puerto Maldonado - Iberia Transmission Line project will provide electricity to the city of Iberia and surrounding towns, including Iñapari (Madre de Dios), through connection to the National Interconnected Electrical System (SEIN, for its acronym in Spanish).

This will thus facilitate access to a reliable and continuous electricity supply, benefiting 122,000 Peruvians and many local entrepreneurship. It will also boost the development of productive, commercial and service activities such as the processing of forest products for biocommerce and tourism.

The 220/60/22.9 kV Chira Valley Substation project will benefit more than 440,000 people in the towns of Paita, El Arenal and Sullana, Piura region, with quality electricity supply, thus strengthening the operation of the electricity system in northern Peru. In addition, it will solve technical problems in the system, such as congestion in the transmission lines and voltage drops in the substations.
Both projects have been structured under the PPP mechanism, which will guarantee a quality, specialized and sustainable service during the concession period.

The term of each concession will be 30 years, plus the construction period estimated in 28 months for the project “220/60/22.9 kV Chira Valley Substation” and 43 months for the project “138 kV Puerto Maldonado - Iberia Transmission Line.” The count of each contract starts from this signature date of the contracts; and the Commercial Start-up of both projects is foreseen for November 2023 and February 2025, respectively.

Source: Communication's Office and Institutional Image