Local consortium bags US$66mn Ituango contract

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Friday, July 1, 2011

A consortium of Colombian engineering companies Ingetec and Sedic has won an 117bn-peso (US$66.3mn) construction contract for the 2.4GW Ituango hydro project, Colombian multi-utility EPM said in a statement.

Under the nine-year contract the consortium will be responsible for installing the electromechanical equipment for the mega dam and overseeing project processes of the civil engineering works.

Ingetec and Sedic competed against three consortiums consisting of 11 other engineering firms.

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The contract for the civil engineering works, which will include the dam, spillway and underground plant, has yet to be awarded.

Earlier this week EPM announced the awarding of two contracts relating to the project totaling 236bn pesos.

The dam will use eight turbines and be the largest hydroelectric plant in the country. Investment in the project is slated to reach US$2.8bn.

Colombian JV Hidroituango, comprised of EPM and Antioquia department's government, created a special purpose vehicle named EPM Ituango to manage the development of the mega hydro.