![Colombia Colombia](https://cdn-www.bnamericas.com/img/flags/COLOMBIA.jpg)
EPM awards contract to complete Hidroituango works
![EPM awards contract to complete Hidroituango works](https://cdnimg.bnamericas.com/sFfabBvOyracyBnhqCoNgcbZOqixJSIcNnedrAmMicTpiBkfzJxoCXlHvdSEMlov.jpg)
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)
![Why flexibility is key to Colombia's clean energy future](https://cdn-www.bnamericas.com/img/sectors/electricpower_2.jpg)
Why flexibility is key to Colombia's clean energy future
Wärtsilä Colombia managing director Roberto Lares speaks to BNamericas about a growing need for investments that guarantee grid stability.
![Regulatory roundup: Private investment in Mexico, Petrobras gas supply, Colombia gas plan and more](https://cdn-www.bnamericas.com/img/sectors/electricpower_1.jpg)
Regulatory roundup: Private investment in Mexico, Petrobras gas supply, Colombia gas plan and more
BNamericas provides a snapshot of the most important oil and gas regulatory news in Latin America and the Caribbean over the past week.
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: Nus II small hydroelectric plant
- Current stage:
- Updated:
2 weeks ago
- Project: La Ponderosa solar park
- Current stage:
- Updated:
2 weeks ago
- Project: Nuevo Mundo solar park
- Current stage:
- Updated:
2 weeks ago
- Project: Canoas photovoltaic park
- Current stage:
- Updated:
2 weeks ago
- Project: Santo Domingo hydroelectric power plant
- Current stage:
- Updated:
2 weeks ago
- Project: Valledupar plant 1 (Valledupar Solar Complex) (ex Del Cesar photovoltaic project)
- Current stage:
- Updated:
2 weeks ago
- Project: Carreto Substation and Associated Transmission Lines
- Current stage:
- Updated:
2 weeks ago
- Project: San Jorge Fotovoltaico
- Current stage:
- Updated:
2 weeks ago
- Project: Lengupá hydroelectric
- Current stage:
- Updated:
2 weeks ago
- Project: Amanecer Photovoltaic Solar Park
- Current stage:
- Updated:
2 weeks 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: Soenergy International Colombia S.A.  (Soenergy International Colombia)
-
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: Electrificadora de Santander S.A. E.S.P.  (ESSA)
-
Colombian power company Electrificadora de Santander (Essa) generates, distributes, transports and commercializes electric power. Its concession area comprises 87 municipalities...
- Company: Efigie Green Energy S.A.S  (Efigie Green Energy)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Parque Solar Ligustro II S.A.S.
- Company: Parque Solar Ligustro I S.A.S.
- Company: SMN Termocartagena SAS
- Company: SOWITEC Energías Renovables de Colombia S.A.S.  (SoWiTec Colombia)
-
SOWITEC Energías Renovables de Colombia S.A.S. (SoWiTec Colombia), incorporated in 2013 in Bogotá, is the local branch of the German wind developer SoWiTec, which is focused on ...
- Company: Canacol Energy Colombia S.A.  (Canacol Colombia)
-
Canacol Energy Colombia S.A. (formerly called Rancho Hermoso S.A.) is a Colombian company aimed at exploring, exploitation and development of hydrocarbons deposits; and a subsid...