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1.

ADF to co-finance Eastern Corridor road in Ghana

The African Development Fund (ADF) has approved loan to the tune of USD 81.67 million to co-finance sections of the 695 km Eastern Corridor road in Ghana. The corridor road in Ghana project is set to ......

  • Ghana
  • Administration & Marketing
  • 10 Jul 2019
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Description The African Development Fund (ADF) has approved loan to the tune of USD 81.67 million to co-finance sections of the 695 km Eastern Corridor road in Ghana. The corridor road in Ghana project is set to link the capital Accra with the northern hinterland and across the borders to the Sahel region. The estimated cost of the project is USD 113.27 million and covers 60 km roads, two interchanges and related civil works incorporating community support initiatives to help improve livelihoods in the catchment area. Once completed, the project will address the needs of around 2,30,000 people and impact the lives of over 5.4 million inhabitants by reducing travel and transit time, support education and health services delivery while agricultural potentials of rural areas will also be transformed. The project will create around 1,500 direct jobs in the region. The road project will be implemented from 2018 to 2022. The Opec Fund for International Development, the Ghanaian government and the Japan International Cooperation Agency (JICA) are financing a connecting bridge across the Volta river.
Industry Administration & Marketing
Source https://www.projectstoday.com/News/ADF-to-co-finance-Eastern-Corridor-road-in-Ghana
2.

Karachi Bus Rapid Transit Red Line Project Backed by $235M ADB Loan

ON 07/08/2019 AT 21:42 PM A new bus rapid transit system (BRT) with innovative and climate resilience features designed to improve access to quality public transport in Karachi, Pakistan, will now be ......

  • Pakistan
  • Administration & Marketing
  • 09 Jul 2019
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Description ON 07/08/2019 AT 21:42 PM A new bus rapid transit system (BRT) with innovative and climate resilience features designed to improve access to quality public transport in Karachi, Pakistan, will now be possible thanks to a $235 million loan for the project, just approved by the Manila-based Asian Development Bank. The Karachi Bus Rapid Transit Red Line Project will deliver the 26.6-kilometer (km) Bus Rapid Transit Line Red Line corridor and associated facilities benefiting as many as 1.5 million people, about 10% of Karachi’s population, who live within a kilometer of a Red Line BRT station. More than 300,000 passengers per day are expected on the Red Line BRT routes. ADB will partially administer two $100 million loans from the Asian Infrastructure Investment Bank and the Agence Française de Développement to jointly finance the project’s civil works and equipment costs. “There is a need for a more sustainable, reliable, safe, and gender and environment-friendly transportation system in a city as dense and rapidly growing as Karachi. A sustainable transportation system will not only solve the city’s mobility issue but also its growing pollution problem,” said ADB Principal Urban Development Specialist (Transport) for Central and West Asia Mr. David Margonsztern. “The BRT system, with its innovative features, will address all these issues, improving the overall quality of lives of people in the city.” The project will restructure the entire width of the Red Line BRT corridor, including the construction of 29 stations and dedicated lanes along the 26.6 km stretch; improvement of the mixed-traffic roadway with up to six lanes in each direction; inclusion of on-street parking and landscaped green areas in various locations; improvement of the drainage system to climate-proof the corridor; and installation of nonmotorized transport infrastructure such as bicycle lanes, improved sidewalks, and energy-efficient street lights. The project will also establish sustainable BRT operations in Karachi by improving the capacity of relevant transport authorities; designing the BRT business model and subsidy-free operations; implementing a bus industry transition program, including a fleet scrapping program and compensation mechanism; developing an effective public communications campaign; and delivering the BRT fleet, feeder e-vehicles, intelligent transport system, and a biogas plant. ADB will also administer a $37.2 million loan and an $11.8 million grant from the Green Climate Fund (GCF). The GCF grant will finance climate change adaptation measures, including innovative drainage features such as bioswales (landscape elements designed to concentrate or remove debris and pollution out of surface runoff water); post-project emissions’ monitoring activities; and feeder e-vehicles. The GCF loan, meanwhile, will finance the biogas plant and the incremental cost of the transition from basic diesel bus technology to compressed natural gas hybrid bus technology, with the biomethane extracted from cattle waste. ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. In 2018, it made commitments of new loans and grants amounting to $21.6 billion. Established in 1966, it is owned by 68 members—49 from the region.
Industry Administration & Marketing
Source https://www.trillions.biz/news/158171-Karachi_Bus_Rapid_Transit_Red_Line_Project_Backed_by__235M_ADB_Loan.html
3.

ADB to improve transport in Pakistan

The Asian Development Bank (ADB) has approved a $235 million loan to help develop a bus rapid transit (BRT) system with innovative energy and climate resilience features that will enhance access to qu ......

  • Pakistan
  • Administration & Marketing
  • 08 Jul 2019
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Description The Asian Development Bank (ADB) has approved a $235 million loan to help develop a bus rapid transit (BRT) system with innovative energy and climate resilience features that will enhance access to quality public transport for people in Karachi, Pakistan’s largest and most populated city. The Karachi Bus Rapid Transit Red Line Project will deliver the 26.6-kilometer (km) Bus Rapid Transit Line Red Line corridor and associated facilities benefiting as many as 1.5 million people, about 10% of Karachi’s population, who live within a kilometer of a Red Line BRT station. More than 300,000 passengers per day are expected on the Red Line BRT routes. ADB will partially administer two $100 million loans from the Asian Infrastructure Investment Bank and the Agence Française de Développement to jointly finance the project’s civil works and equipment costs. “There is a need for a more sustainable, reliable, safe, and gender and environment-friendly transportation system in a city as dense and rapidly growing as Karachi. A sustainable transportation system will not only solve the city’s mobility issue but also its growing pollution problem,” said ADB Principal Urban Development Specialist (Transport) for Central and West Asia Mr. David Margonsztern. The project will restructure the entire width of the Red Line BRT corridor, including the construction of 29 stations and dedicated lanes along the 26.6 km stretch; improvement of the mixed-traffic roadway with up to six lanes in each direction; inclusion of on-street parking and landscaped green areas in various locations; improvement of the drainage system to climate-proof the corridor; and installation of nonmotorized transport infrastructure such as bicycle lanes, improved sidewalks, and energy-efficient street lights.
Industry Administration & Marketing
Source https://www.developmentaid.org/#!/news-stream/post/45534/adb-to-improve-transport-in-pakistan
4.

North American Development Bank Board of Directors approves $1.98 billion-peso loan for Line 3 of Metrorrey

Loan to be provided to Regiotren for the acquisition of light rail cars Monterrey, Nuevo León. – The North American Development Bank (NADB) announced that its Board of Directors approved a loan for up ......

  • Mexico
  • Administration & Marketing
  • 06 Jul 2019
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Description Loan to be provided to Regiotren for the acquisition of light rail cars Monterrey, Nuevo León. – The North American Development Bank (NADB) announced that its Board of Directors approved a loan for up to $1.98 billion pesos (US$122.62 million) for Regiotren, S.A. de C.V., (Regiotren) to finance the acquisition of electric cars for Metrorrey Light Rail Transit Line No. 3 in Monterrey, Nuevo Leon. The announcement was made in the framework of an event presided over by Mexican President Andrés Manuel López Obrador and Nuevo Leon Governor Jaime Rodríguez Calderón, for the presentation of the “Comprehensive Metropolitan Mobility System” by the Ministry of Communications and Transportation and the Government of Nuevo Leon. The metropolitan area of Monterrey has grown rapidly, both in terms of population and urbanization. For that reason, Metrorrey is working to expand its metro service by constructing Line 3, which will connect the northeast zone of the metropolitan area to downtown Monterrey. NADB Deputy Managing Director Calixto Mateos-Hanel, who was present at the event, reported that NADB’s participation in the project will consist of acquiring the electric cars and leasing them to Regiotren, who in turn will lease them to Metrorrey for a period of 225 months. At the end of that period, ownership of the cars will be transferred to Metrorrey. “We commend the Government of Nuevo Leon for implementing this vital project to expand public transportation services to new areas,” stated Mr. Mateos-Hanel. “This new line will help mobilize approximately 116,000 passengers a day more rapidly and efficiently, while also helping to prevent the emission of an estimated 25,122 metric tons a year of carbon dioxide (CO2) and other greenhouse gases in the metropolitan area of Monterrey.” Regiotren is the special purpose company created by the consortium formed by Construcciones y Auxiliar de Ferrocarriles, S.A. (CAF), CAF México, S.A. de C.V., and CAF Investment Projects, S.A., which was awarded the 20-year concession by the State of Nuevo Leon for the purchase of specialized infrastructure and equipment for Line 3 of the metro. Construction of the civil works where the cars will operate has been completed, and once the finance lease is executed, CAF will begin manufacturing the electric cars, with deliveries expected to begin in early 2020.
Industry Administration & Marketing
Source https://www.nadb.org/news/north-american-development-bank-board-of-directors-approves-198-billion-peso-loan-for-line-3-of-metrorrey
5.

Tender for the NAF 42 nandural complex of Tandil $ 14 Million

After questioning the opposition for the lack of progress in the complex natatorium promised by the management of Mayor Miguel Lunghi, the radical pediatrician who goes for his fifth term accelerates ......

  • Argentina
  • Administration & Marketing
  • 05 Jul 2019
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Description After questioning the opposition for the lack of progress in the complex natatorium promised by the management of Mayor Miguel Lunghi, the radical pediatrician who goes for his fifth term accelerates the bureaucratic steps of the tender and finally it was learned that in the coming days next July the envelopes will be opened. A few days ago Astori arrived with machinery and materials to assemble the structure. In the Purchasing Department, it will be finally known if there were bidders to finish building the complex. It will be financed with resources from the Educational Fund, as one of the initiatives is the construction of indoor and heated swimming pools, which will be located at the headquarters of CEF 42, in Rosalía de Castro 1131. The work will include the construction of a new building, which will include a swimming pool with a semi-Olympic pool, a pool for rehabilitation, independent changing rooms, offices and spaces for lifeguards and doctors. At the same time, it will have an external patio that will link the new building with the existing one of the CEF 42. In this regard Mayor Lunghi said that "during May we presented the project at the headquarters of the CEF, together with its authorities and the families that attend there. We are taking a step further to realize this important work, necessary for the city and in a place where we are sure will have the best use ». The assembly of the structure began Last April, the Executive signed a contract with the company Astori, to complete the assembly of the structure of the pool complex covered in the CEF 42 Astori SA, will be responsible for the construction, transfer and assembly of the structure that will cover the heated pools of the complex that, according to the original tender, should have been completed in 2018. The work, initially awarded to Zya SA, suffered delays due to the breaches and delays of the local company, which led to the rescission of the contract and a legal claim for the financial advance that the Miguel Lunghi government extended to it for almost $ 3 million. Before the claim of the councilor Iparraguirre, who warned about the breach and that the property of the CEF was still a wasteland, when from last year should have ready the covered natatorium, the communal authorities reached an agreement with the company Astori to have the structure and re-tender the work from that stage of the original project, what would happen next July. The machinery and material arrived for Astori to begin the assembly of the structure, and then to reassign the development of the civil works of the pools, changing rooms and others.
Industry Administration & Marketing
Source http://www.construar.com.ar/2019/07/7451-licitan-el-complejo-natatorio-del-cef-42-de-tandil-14-millones/
6.

They signed the agreement for Portezuelo del Viento and awarded El Tambolar U $ S 1,230 Million

The national government hit La Pampa again: in less than 24 hours it gave a boost to two projects that are questioned by the province for endangering the resources of their interprovincial rivers. Tw ......

  • Argentina
  • Administration & Marketing
  • 05 Jul 2019
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Description The national government hit La Pampa again: in less than 24 hours it gave a boost to two projects that are questioned by the province for endangering the resources of their interprovincial rivers. Two of the projects most questioned by La Pampa in water matters, the works of Portezuelo del Viento in Mendoza and El Tambolar in San Juan, received a fundamental accolade from the national government of Mauricio Macri. Nación awarded the second stage of El Tambolar to the UTE formed by the companies Panedile Argentina, Sacde, Sinohydro Corporation, Petersen Thiele and Cruz, for an amount of U.S. $ 482 million. And this morning, at Casa Rosada, an agreement was signed to transfer 1,023 million dollars to Mendoza to tender Portezuelo. Both works are questioned by La Pampa for endangering the flow of the Colorado and Salado rivers. For that reason, he has presented numerous judicial proposals. Mendoza The governor of Mendoza Alfredo Cornejo signed the agreement with the Minister of the Interior, Rogelio Frigerio, and that of the Treasury, Nicolás Dujovne. There was also the Minister of Government of Mendoza, Lisandro Nieri. «The transfer of funds will allow us to move forward with the mega-project. They were successive agreements that were not fulfilled and that today became reality with the emission of these bonds that pay the debt with the province and that allows to finance this infrastructure work important for the development of the South of Mendoza and for the energy of the entire Province », Explained the president, as reflected in an official statement from the Government of that province. The agreement implies that the 1,023 million dollars will be received during the next 5 years and will be used to carry out the hydroelectric civil works, the trace of the two routes and the relocation of the town of Las Loicas. In May, the governor of the Pampa Carlos Verna, with the sponsorship of State Prosecutor José Alejandro Vanini and attorney Hernán Pérez Araujo, presented a request for an arbitration award to the President of the Nation regarding the approval of the Management and Study Rules. of the Regional Environmental Impact of the Portezuelo del Viento dam. Verna demanded that the disapproval of both documents be resolved, as she had expressed within COIRCO. In the presentation, President Mauricio Macri was also challenged, on the grounds that "he lacks the impartiality and objectivity required to resolve, as well as the elective political officials who are called to succeed him." San Juan El Tambolar is another of the projects questioned by the Pampa Government, with which Nación has decided to continue despite the proposals. In fact, La Pampa demanded the functioning of the basin committee of the Desaguadero-Salado-Chadileuvú-Curacó with the argument that the dams on the San Juan River left the Salado River without flow downstream. In addition, the Pampa Government has already announced that it will conduct a study to measure the ecological damage caused by upstream use with the aim of presenting a trial before the Supreme Court of Justice. The first report was just presented. Now, Nación awarded the second stage of the work, but with a striking difference between the official budget and the final offer that would reduce its cost by more than 55%. According to a document from Energía Provincial SE, the energy company of San Juan, reproduced by the newspaper El Cronista, points out that after a bid in which four offers were submitted to do the work that had an initial budget of $ 743 million, the construction was awarded to the UTE, made up of Panedile Argentina, Sacde, Sinohydro Corporation, Petersen Thiele and Cruz, for an amount of U.S. $ 482 million. "The difference between the budget and what companies end up offering is significant," explained El Cronista from the Water Resources Secretariat of the Nation led by Pablo Bereciartúa, the office on which the project depends and from where the funds will come to pay for it. . With this communication, the Ministry of Infrastructure and Services and Provincial Energy Society of the State (EPSE) of San Juan warned the selected companies that within a period of 45 days they should begin work on what will be the final part of the work. Bereciartúa himself made the announcement on his Twitter account. "It has already been awarded and here we are going to make the Tambolar dam to generate clean energy for more than 100,000 homes," he said in a message where he also "enthralled" Frigerio and Governor Sergio Uñac.
Industry Administration & Marketing
Source http://www.construar.com.ar/2019/07/7411-firmaron-el-convenio-por-portezuelo-del-viento-y-adjudicaron-el-tambolar/
7.

Amended public procurement regulation may lead to summary termination of contracts

A large number of contracts of the ongoing development projects run the risk of being terminated following the government’s recent amendment to the public procurement regulations stating that no contr ......

  • Nepal
  • Administration & Marketing
  • 02 Jul 2019
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Description A large number of contracts of the ongoing development projects run the risk of being terminated following the government’s recent amendment to the public procurement regulations stating that no contract may be extended beyond half of the original period. A study by the Commission for Investigation of Abuse of Authority of the various contracts related to seven ministries found that as many as 1,848 projects worth Rs118 billion are incomplete and past their deadlines. The much awaited Kulekhani-3 Hydropower Project missed its latest completion deadline of January 2019 allegedly due to the dilly dallying by a Chinese contractor hired for the job, according to the Nepal Electricity Authority. This was the sixth extension of the deadline for Jialin Company, the contractor hired for the hydro and electromechanical works. Although Sino Hydro, another Chinese company, has completed civil works for the 14MW storage project supposed to be over by 2012, power generation has not begun. The under-construction labour room for the Golbazaar Health Post in Siraha is one of the projects identified by the corruption watchdog as sick. On June 15, 2009, Amrit Nirman Sewa, a construction company, won the contract to build the facility. The project was supposed to be completed within a year. But even after nine years, only five percent of the work has been accomplished while the deadline has not been extended for seven years and the project has been lingering. Swachchhanda Nirman Sewa, one of the biggest construction companies, got the Tumlingtar bridge construction contract on July 9, 2010 with the July 8, 2013 deadline. It was extended until July 2017 but there only has been 30 percent progress in the works. The infamous Pappu Construction was supposed to complete the Nala bridge at Thori of Birgunj on October 11, 2014 after getting a contract on July 8, 2013. But there had been 25 percent progress in the bridge until a few months ago, according to the Department of Roads. All these contracts might be terminated following the latest revision to the public procurement regulation. According to officials, the amended regulation prevents indefinite deadline extension. “Irrespective of who is responsible for the delay in works, the contract should be terminated after the deadline is extended by a half of the original period,” said Keshav Prasain, director at the Public Procurement Monitoring Office, a body responsible for monitoring the government contracts. Contractors have been blaming the government for the delays in executing development projects due to hassles in land acquisition, site clearance, and lack of timely budget disbursement, among others. Although this may result in termination of a lot of contracts in the short-term, it is expected to help improve contract management in the future, Prasain said. Procurement monitoring officials said the new provision would be applicable to projects whose contract has already been awarded as well as new projects that are yet to be contracted. Contractors, however, protested the amendment to the regulation claiming that the provision was made without consulting with the stakeholders. “The provision of not extending the deadline beyond half of the original contract period has created the possibility of wholesale contract termination,” said Tanka Chaulagain, deputy general secretary at the Federation of Contractors’ Associations of Nepal. The contractors are worried about this provision because it is supposed to be applicable even for the under-construction projects. “Our position is that whatever problems are prevailing in under construction projects, they should be solved through a specific policy,” said Chaulagain. Contractors charged with corruption to be barred from fresh bidding KATHMANDU: Contractors facing corruption charges will no longer be allowed to bid for new projects after the amended public procurement regulation came into effect. The amended regulation says that any bidder--firm or individual--that faces a corruption case in court as per the law cannot bid for projects either as individual or in the form of a joint venture unless the court gives a clean chit. The provision has barred Kalika Construction and Pappu Construction and their owners--former minister Bikram Pandey and suspended lawmaker Hari Narayan Rauniar respectively--from taking part in any government bids. In December last year, the anti-graft body filed a corruption case at the Special Court against Pandey, chairman of the Kalika Construction, for substandard construction and repeated collapses of the main canal of the Sikta Irrigation Project. Twenty others including government officials and consultants involved in the multi-billion-rupee project were charged with corruption. In October last year, the anti-graft commission filed a case against Pappu Construction owner Hari Narayan Rauniyar and his son Sumit Rauniyar for building a substandard bridge over the Babai river in Jabbighat, Bardiya. But contractors argued that the new provision would do them injustice, Chaulagain, the deputy general of the contractors’ federation, said.
Industry Administration & Marketing
Source https://kathmandupost.ekantipur.com/news/2019-05-20/amended-public-procurement-regulation-may-lead-to-summary-termination-of-contracts.html
8.

ADB approves $2.75B financing for railway

The Asian Development Bank (ADB) yesterday approved financing of up to $2.75 billion for the construction of the Malolos-Clark Railway Project, which is the single largest infrastructure project finan ......

  • Philippines
  • Administration & Marketing
  • 29 Jun 2019
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Description The Asian Development Bank (ADB) yesterday approved financing of up to $2.75 billion for the construction of the Malolos-Clark Railway Project, which is the single largest infrastructure project financing by the multilateral agency. The 53.1-kilometer (km) elevated passenger railway is part of the North-South Commuter Railway (NSCR) project, a 163-km suburban railway network stretching from New Clark City to Calamba, Laguna. The NSCR project is expected to be completed by 2025. The Malolos-Clark Railway, with a maximum rail speed of up to 160 km per hour, will connect Malolos to Clark economic zone and Clark International Airport in Central Luzon. The project is expected to be partially operational from 2022. The railway is estimated to service about 342,000 passengers daily along the Manila-Clark corridor and up to 696,000 passengers per day to Calamba by 2025. It is seen to cut travel time from Metro Manila to Clark airport to less than one hour by rail, compared with two to three hours by car or bus today. “It will be ADB’s single largest infrastructure project financing ever, and from a development perspective, we are pleased this investment is taking place in ADB’s host country. The project, combined with other investments in light rail transit, metro rail transit, and subway systems, will bring back the culture of rail transport in Metro Manila,” said Takehiko Nakao, ADB president. ADB will be financing civil works of the Malolos-Clark Railway Project, including the stations, bridges and viaducts for the elevated railway alignment, and a tunnel leading to the underground station at Clark airport. It will also assist the government in using global standards for procurement and environmental and resettlement safeguards. The project is cofinanced with up to $2 billion by the Japan International Cooperation Agency (JICA), which will finance the rolling stock and the railway systems. “Our cofinancing partnership with JICA allows both our institutions to combine our expertise and knowledge in building a world-class railway in the Philippines,” Markus Roesner, ADB principal transport specialist for Southeast Asia, said. The project includes the construction of two rail segments: a 51.2-km section connecting Malolos City, Bulacan to Clark, and a 1.9-km extension connecting the NSCR to the Blumentritt Station in Manila, where an elevated interchange station for Light Rail Transit line 1 will be built. The rail stations will include multimodal facilities, allowing commuters to easily transfer from public buses and jeepneys to the trains. The underground station at the Clark International Airport will provide a short connection to upcoming and future airport terminals. The project will have seven stations: Calumpit, Apalit, San Fernando, Angeles, Clark, Clark airport and Blumentritt. “Once the entire NSCR line is complete, the country will have a railway line from Calamba, Laguna, all the way to Clark International Airport. The entire NSCR is expected to serve 350,000 passengers daily during its first year of partial operations, and one million passengers daily upon full operations,” Goddes Hope Libiran, Department of Transportation assistant secretary, said. Libiran said there are 2,000 project-affected families and that the right-of-way acquisition is already 80 percent clear.
Industry Administration & Marketing
Source https://www.malaya.com.ph/business-news/business/adb-approves-275b-financing-railway
9.

Asian Development Bank to fund solar project in Afghanistan

The Asian Development Bank (ADB) has agreed to issue a loan of $4m to energy company Barakat Kandahar Solar Energy to develop solar energy projects in Afghanistan. Based in the Philippines, the bank s ......

  • Afghanistan
  • Administration & Marketing
  • 21 Jun 2019
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Description The Asian Development Bank (ADB) has agreed to issue a loan of $4m to energy company Barakat Kandahar Solar Energy to develop solar energy projects in Afghanistan. Based in the Philippines, the bank specialises in loans to promote economic development in Asia and the Pacific. Barakat Kandahar Solar Energy is a subsidiary of the 77 Group, an international civil works scheme based in Turkey that will help build the plant. The loan will help to establish the Kandahar solar power project, a 15.1MW solar plant that will generate 27.5GWh of electricity and avoid 8,500 tonnes of CO2 emissions per year. Kandahar solar power project is part of the Afghanistan government’s goal of producing 5GW of solar power by 2032, around 40% of the country’s total energy generation. It has been estimated that Afghanistan has the potential to generate 22GW of solar power, but it currently forms just 1% of the country’s energy supply. ADB senior public-private partnership specialist Mohammed Hashimi said: “Having a stable, sustainable, and reliable energy source is important for the growth and development prospects of Afghanistan, where power generation and access is one of the lowest in the world. “ADB’s support for this important project will help provide long-term financing that is not available locally to build and operate a state-of-the-art solar power plant in Afghanistan.” The bank has made several loans and grants to projects in Afghanistan in recent years. In November 2017 it provided nearly $45m for a 20MW solar plant in Kabul and $1.2bn in December 2015 for energy supply for power efficiency all over the country.
Industry Administration & Marketing
Source https://www.power-technology.com/news/asian-development-bank-afghanistan/
10.

Construction of Chile’s Los Lagos hydropower plant to begin

Statkraft is planning to begin constructing its $204m Los Lagos hydropower plant in Chile, South America. To start in August this year, construction is expected to complete in the second half of 2022 ......

  • Chile
  • Administration & Marketing
  • 21 Jun 2019
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Description Statkraft is planning to begin constructing its $204m Los Lagos hydropower plant in Chile, South America. To start in August this year, construction is expected to complete in the second half of 2022. Located on the Pilmaiquen River, downstream of Statkraft’s operational Rucatayo hydropower plant, Los Lagos hydropower plant will have an installed capacity of 51.6MW and an annual average generation capacity of 260GWh a year. Statkraft International Power executive vice-president Jürgen Tzschoppe said: “Chile is an attractive market for Statkraft, with an increasing demand for renewable energy and several opportunities for developing both hydro, wind and solar. In line with our strategy, we are working to build scale in Chile. “We want to capitalise on our combined expertise in power generation and market operations to best serve the market and provide energy to large industrial customers in the country.” Civil works related to the project will be managed by a local consortium comprising construction companies Brotec, Valko and OBChile. Global technology company Voith has been selected to serve as electro and hydro-mechanical contractor for the hydro project. Voith will also be responsible for the delivery of major components and construction services from its facilities in Brazil. Statkraft acquired Chilean hydropower firm Eléctrica Pilmaiquén and the rights to build the Los Lagos Project in February 2015. The project required a technical assessment and consultation process, which has been finalised. Since 2014, Statkraft has a production capacity of 370MW with an annual production of 1,188GWh in Chile. The company is also considering participating in future wind and solar opportunities.
Industry Administration & Marketing
Source https://www.power-technology.com/news/los-lagos-hydropower-plant/

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