EPM awards contract to complete Hidroituango works
Colombian construction firm Schrader Camargo and Chinese partner Yellow River have been awarded a contract to complete construction work at Colombia's Hidroituango dam, project owner Empresas Públicas de Medellín (EPM) said on Wednesday.
The value of the contract is 1.075tn pesos (US$260mn) and the deadline for the completion of works is 1,125 calendar days, or just over three years, EPM said in a statement.
"We are very clear about the work that needs to be done because we have studied it for the past year and a half. The project is in good hands," Schrader Camargo general manager Andrés Canela told BNamericas.
"We are very proud to be a part of Hidroituango's construction. It's one of the most important infrastructure developments in the country and demonstrates the capacity of Colombian engineering."
The announcement came five weeks after EPM said two of the three bids that passed the pre-qualification stage for the contract were declared void.
Italian firm Todini Costruzioni Generali failed to comply with bank guarantee requirements while China Gezhouba Group was rejected for rules related to bid bonds and insurance, according to tender documents published by EPM.
The only eligible bid came from the Schrader Camargo-Yellow River consortium, known as CyS.
The companies were participants in the Ituango PC-SC consortium – along with Power China Internacional – that presented the only bid in a previous tender for the works. The proposal was declared void because the companies were deemed to have lacked the necessary experience.
In April, EPM launched a new tender for the project with revamped rules, including a provision that allowed companies in a consortium to accredit their experience jointly under certain conditions.
CyS will be responsible for civil construction work on units 5 to 8 of the project, which will double its installed capacity to 2.4GW.
The project's first two turbines began operating last December and two more units are slated to come online later this year.
Hidroituango has faced a series of construction problems that first became apparent when an auxiliary tunnel collapsed in April 2018, eight months before the plant was due to begin operating.
BNamericas understands that the overall cost of the project is expected to reach 18tn pesos (around US$4bn) in a best-case scenario, representing an overrun of around 7tn pesos on its original budget.
Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.
News in: Electric Power (Colombia)
Celsia prepares first battery system connected to a solar farm
In the coming weeks, the first solar energy storage system in Colombia with lithium iron phosphate (LFP) batteries will come into operation, markin...
Colombia's Ecopetrol dissolving electric power unit
Ecopetrol is currently precluded from generating electricity for commercial use because of its controlling stake in power transmission company Isa,...
Subscribe to Latin America’s most trusted business intelligence platform.
Other projects in: Electric Power (Colombia)
Get critical information about thousands of Electric Power projects in Latin America: what stages they're in, capex, related companies, contacts and more.
- Project: Termoriente
- Current stage:
- Updated: 1 week ago
- Project: 500kV Southwestern Reinforcement
- Current stage:
- Updated: 1 week ago
- Project: La Virginia - Alférez Transmission Line (Section 2 Southwestern Reinforcement Project)
- Current stage:
- Updated: 1 week ago
- Project: Río Grande de la Magdalena river wind farm
- Current stage:
- Updated: 1 week ago
- Project: Colombia - Panama interconnection line
- Current stage:
- Updated: 1 week ago
- Project: La Loma - Sogamoso 500kV transmission line
- Current stage:
- Updated: 1 week ago
- Project: Copey-Cuestecitas transmission line
- Current stage:
- Updated: 1 week ago
- Project: Andromeda photovoltaic park
- Current stage:
- Updated: 2 weeks ago
- Project: Sirius Wind Farm
- Current stage:
- Updated: 2 weeks ago
- Project: Termo Amaga
- Current stage:
- Updated: 1 week ago
Other companies in: Electric Power (Colombia)
Get critical information about thousands of Electric Power companies in Latin America: their projects, contacts, shareholders, related news and more.
- Company: OWF Galeón SAS ESP (OWF Galeón)
- Company: Castellana de Proyectos Solares, Sucursal Colombia
- The description included in this profile was taken directly from an AI source and has not been edited or modified by BNamericas researchers. However, it may have been automatica...
- Company: Acciona Energía Colombia S.A.S. (Acciona Energía Colombia)
- The description included in this profile was taken directly from an AI source and has not been edited or modified by BNamericas researchers. However, it may have been automatica...
- Company: J.E. Jaimes Ingenieros S.A. (J.E. Jaimes Ingenieros)
- The description included in this profile was taken directly from an official source and has not been modified or edited by the BNamericas’ researchers. However, it may have been...
- Company: Elawan Energy Colombia S.A.S. (Elawan Energy Colombia)
- The description included in this profile was taken directly from an AI source and has not been edited or modified by BNamericas researchers. However, it may have been automatica...
- Company: Ambener S.A.S. (Ambener)