Mantaro-Marcona-Socabaya-Montalvo Transmission Line

Active

In July 2013, Colombian company Interconexion Electrica (ISA), through its subsidiary Consorcio Supervisor Transmantaro (CST), was awarded the contract to design, finance, construct, operate and maintain Mantaro-Marcona-Socabaya-Montalvo (MAMO) 920-km transmission line at the Huancavelica, Ica, Arequipa and Moquegua districts (500kv). Besides CST, two other bidders took part in the process: ASA Iberoamerica S.A and Consorcio Redes Energeticas Nacionais. The bidding criteria was the lowest annual revenue. The sponsor signed a 30-year concession contract with the Peruvian Energy and Mines Ministry in September 2013. The sponsor committed to invest US$ 447 million in the project. Financial closure took place in March 2015 when a US$ 250 million credit agreement was arranged by Banco de Crédito del Perú to finance five CST projects in the country, including the Mantaro-Marcona-Socabaya-Montalvo transmission line. Environmental clearance was granted in November 2015. Construction works commenced in the same month, and operations were expected to commence in 2017. As of August 2016, 75% of the construction works had been concluded.