Spanish Firm Wins Peru Transmission Bid

Spain’s Empresa Isonor Transmision has been awarded two 30-year concessions totaling $181m by Peru’s Proinversion privatization agency to build and operate transmission lines. The 760km Mantaro-Carveli-Montalvo line should require investment of $145.6m, while a 200-kilometer Machupicchu-Cotaruse line needs $35.4m. The electricity is expected to be used partly for several mines being developed in the southern part of Peru. Isonor beat out Interconexion Electrica of Colombia, Terna Participacoes of Brazil and Abengoa Peru. Abengoa won a 30-year concession in Feburary for the 700km $106.1m Carhuamayo-Carhuaquero line, for which WestLB is arranging financing.