Red Eléctrica acquires transmission concession in Peru for US$205 million
Red Eléctrica Internacional has announced that it has reached an agreement with Bow Power to acquire 100% of CCNCM, the owner of a concession contract for the 220 kilovolts (kV) Carhuaquero-Cajamarca Norte-Cáclic-Moyobamba power transmission line and associated substations, located in northern Peru. The transaction is valued at US$205 million.
CCNCM has been managing and operating 372 km of 220 kV and 138 kV circuit, in addition to four substations in the regions of Cajamarca, Amazonas and San Martín, since the end of 2017, under a 30-year concession contract with the Peruvian state.
The transaction, which includes debt assumption, is subject to obtaining the relevant authorizations. CCNMC generates around US$18 million revenue per year.
Red Eléctrica Internacional has been present in Peru since 1999. With this new acquisition, it will now be the holder of a total of six electricity transmission concession contracts in the country that amount to 1,686 km of line circuit.
Country updates
-
-
December 12, 2018
Fluence Corp to design, build and operate desalination plant in Peru
Fluence Corporation Limited has announced that it has secured the rights to design, build and operate a seawater desalination plant in central Peru, including a 10-year Water Purchase Agreement (...
Read more -
December 11, 2018
Five consortia prequalified for Lake Titicaca wastewater treatment project
Five consortia have been prequalified for the project concession of the Lake Titicaca wastewater treatment system project in Peru. The pre-qualified bidders are: Aguas de Puno Consortium (Sp...
Read more -
October 25, 2018
Peru's transport ministry announces plans to tender rail project
The Minister of Transport and Communications of Peru has announced that preparations are underway for the tender of the Lima-Ica railway project. The authority will take proposal presentations fo...
Read more -
October 04, 2018
Peru receives five bids for US$250 million wastewater PPP
ProInversión, the private investment promotion agency of Peru, has announced that it has received five bids for the concession to design, finance, build, operate and maintain a wastewater...
Read more -
October 03, 2018
Salaverry port project in Peru reaches commercial close
ProInversión, the private investment promotion agency of Peru, has announced that the Ministry of Transport and Communications and the company Salaverry Terminal Internacional S.A. ha...
Read more
