Celeo Redes wins transmission bid in Chile

The operator of Chile’s central grid, CDEC-SIC, has announced that Celeo Redes Chile, majority-held by Spain’s Elecnor and minority-held by Dutch pension fund APG, presented the best economic proposal in the auction for a transmission project in Chile.

Financial bids for the Nueva Diego de Almagro substation, a 2x220kV transmission line between Diego de Almagro and Cumbres, and a 1x750 MVA, 500/220kV transformer project were opened this week. This infrastructure is part of a larger CDEC-SIC driven scheme to enhance grid connection capacity in the North of Chile, which will foster the further growth of renewable energies in Chile's energy mix.

Voltiq acted as financial advisor to Celeo in the 2014 groundbreaking entry of APG in Celeo Redes' shareholding, and performs regular financial advisory services.