Agreement executed for Cardal Transmission PPP

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Invenergy Transmission and Tealov S.A., subsidiaries of Invenergy it has executed an Operating Lease Contract with the National Administration of Power Plants and Electrical Transmissions/Administración Nacional de Usinas y Trasmisiones Eléctricas (UTE) for the construction, ownership, and lease of the Cardal Transmission project.

The Cardal Transmission project—comprised of 55 kilometers of new 500 kV high-voltage transmission line, 20 kilometers of new 150 kV transmission line, a new 500 kV substation, and accompanying infrastructure—is expected to begin construction in early 2021 and be operational in early 2023. The new transmission line will connect to the Punta del Tigre substation and a 150 kV high-voltage line in Salto, Uruguay.

Invenergy will leverage its expertise in engineering, finance, and construction to bring the Cardal Transmission project to fruition. Cardal brings Invenergy’s successful transmission development track record to over 1,200 transmission circuit kilometers globally, including 220 circuit kilometers in Latin America. The project will be designed and constructed by a consortium formed by two Uruguayan engineering and construction firms—Saceem and Ingener.

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