Interconexion Electrica S A : ISA wins an important public bidding for energy transmission in Colombia
July 12, 2017 at 06:09 pm EDT
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This project, awarded by UPME, will guarantee transmission reliability and service assurance in the Atlantic Coast region.
This project is also important since it will allow connection to the grid of future solar and wind energy plants to be developed in the northern part of the country.
ISA will receive annual revenues for USD 18.2 million.
The Energy Mining Planning Unit (UPME) awarded ISA, through a public bidding process, the design, construction, operation, and maintenance of the 500 kV Copey - Cuestecitas and 220 kV Copey - Fundación transmission lines.
This project will guarantee reliability and service assurance in the regions of Cesar, La Guajira and Magdalena, and should be in operation on November 30, 2020.
'The project awarded to ISA is part of UPME efforts to have the necessary infrastructure in the country to connect non-conventional renewable sources of energy such as wind and solar to the grid, which are becoming more important globally. Colombia has enormous potential in these energy generation sources in the north of the country and this transmission project, together with others coming up, will enable in Colombia a more diversified energy transmission grid. ISA is proud of continuously strengthening its position as the largest energy transmitter in Colombia and specially in this type of strategic projects', said, Bernardo Vargas Gibsone, ISA's CEO.
UPME's estimated investment for this project is USD 102 million and ISA will receive annual revenues for USD 18.2 million (dollars as of December 2016), once in operation.
INTERCOLOMBIA, an ISA company, will oversee its execution and operation.
ISA - Interconnection Electric SA ESP published this content on 12 July 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 12 July 2017 22:09:08 UTC.
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Interconnection Electric SA ESP (ISA) is a Colombia-based company engaged in the transmission of electric power. The Companyâs business is structured into five divisions: Electric Energy Transport, operating a network of high-voltage transmission circuits in Colombia, Peru, Bolivia and Brazil; Smart Management of Real Time Systems, which manages the facilities of the National Interconnected System (SIN), Commercial Settlement System (SIC), Wholesale Energy Market (MEN) and International Electricity Transactions (TIE); Construction of Infrastructure Projects, which include the development of high-voltage and fiber-optic transmission networks; Telecommunications Transport, which is involved in the leasing of the Companyâs transmission networks to other operators, and Road Concessions, which focuses on the construction, management and exploitation of highways, toll roads and other related infrastructure. On September 30, 2013, the Company established a subsidiary, Intercolombia SA ESP.
INTERCONEXIÓN ELÉCTRICA S.A. E.S.P. 
