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Iberdrola bids to construct and operate a power line in ChileA consortium led by Iberdrola has been selected to participate in the tender for the construction and operation of the first long-distance HVDC power line in Chile.
The 1,500 km 600 kV power line will have a capacity of 3,000 MW and run between the Kimal substation, in the Antofagasta region, and Lo Aguirre, in the Metropolitan region. If successful, the project will require over 2.5 billion dollars of investment. Iberdrola will have a 60% stake in the consortium, which also includes Celeo, owned by the Spanish company Elecnor, and the Dutch pension fund APG. The project also includes the construction of two converter stations, using Siemens technology, which will support the connection of renewable energy in the regions with high levels of demand. The project will also include upgrading work at existing substations. The announcement of the winning consortium will be made on December 13, 2021, and the commissioning of the line is estimated for the end of 2028.
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