Acciona consortium lands grid projects to unlock Peru’s renewables

A consortium led by Spanish infrastructure builder Acciona SA (BME:ANA) has secured a major award for power transmission projects in Peru that will facilitate the development of over 10 GW of renewables in the southern part of the country.

Acciona said on Thursday that the consortium was awarded three concession projects by Peru’s ministry of energy and mining via the state’s government agency Proinversion. These projects will involve building over 400 kilometres (248.5 miles) of transmission lines, constructing six new substations, and modernising six existing ones, with an investment estimated at USD 337 million (EUR 314.4m).

The projects will benefit over one million residents in the Ica and Arequipa regions, while also paving the way for a gigawatt-scale renewables development in these areas, according to Acciona.

The specific sub-projects include construction of new substations, such as Hub Poroma, Colectora, Hub San Jose, Marcona II, San Isidro and Pampa, and various links between them. Each of the three contracts specifies a 50-month period for construction and thirty years of operation and maintenance.

With the latest awards, Acciona has become one of the leading power transmission concessionaires in Peru. The company says it currently has an existing portfolio of four similar projects in the country.

(USD 1.0 = EUR 0.933)

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