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The near-term future of a US$500mn power transmission project in Peru that would connect the isolated Iquitos system in the north of the country to the national grid has come under question.
"There is a serious pause in the development of the project's activities, with the deadline about to be reached for milestone one (EIS, June 28, 2017) and milestone two (financial close, August 8, 2017)," energy and mining investment regulator Osinergmin stated in a report.
The watchdog adds that the developer, Líneas de Transmisión Peruanas (LTP), was in talks with the environmental certification service for sustainable investments, Senace, to resubmit the Moyobamba-Iquitos transmission project.
Senace information reveals that LTP has filed a preliminary environmental evaluation (EVAP) which is used to determine whether an environmental impact assessment, semi-detailed environmental impact study or detailed environmental impact study is required.
Osinergmin said that LTP estimates it will require 22 months to secure EIS approval and the company has requested an extension.
The startup date for commercial operations of the 600km 220kV line, planned for regions San Martín and Loreto, is December 28, 2019. LTP estimates that land clearing would take 15 months, followed by 19 months to build the infrastructure.