The Peruvian Government called for a Public Bid in order to grant the 30-year concession for the design, financing, construction, operation and maintenance of the 500 kV Piura Nueva Substation - Frontera Transmission Line ("the Project").
The Peruvian Government called the bid as part of the Peru - Ecuador interconnection plan and is addressed to potential national and international investors.
The concession will be granted for a 30-year period as of the Commercial Operation Date of the Project.
The Project will be part of the Guaranteed Transmission System, thus the concessionaire's revenues will be included in the electricity tariff to be paid by all the users of the system.
Find below a brief description of the Project:
The layout of the Project begins at the 500 kV Piura Nueva Substation, located in the province of Piura, up to the border point with Ecuador.
The competition factor will be the lowest Total Service Cost. The Total Service Cost is comprised by the sum of the Annual Investment Cost, plus the Annual Cost of Operation and Maintenance of the Projects.
The awardee will be able to benefit from the execution of legal stability agreements, as well as the early recovery of the VAT, among other benefits.
ProInversion expects to award the Project in the third quarter of 2021.
We hope you will find this information useful. Do not hesitate to contact us in case you need further information on this Project.