PRESS RELEASE

Red Eléctrica Internacional and Engie put into service the 600 km Mejillones-Cardones line in Chile

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Wednesday, November 22, 2017

Press release by

Red Eléctrica

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Red Eléctrica Internacional and Engie have put into service the Mejillones-Cardones line of 500 kilovolts of voltage and 600 kilometers in length that connects for the first time the Interconnected System of the Norte Grande (SING) and the Central Interconnected System (SIC) of Chile. The project has been carried out by Transmisora ​​Eléctrica del Norte (TEN), 50% owned by both companies.

After twenty-eight months of construction and eight months of preparation to guarantee its correct commissioning, this infrastructure has had an investment of around 800 million dollars (about 679 million euros).

The commissioning of the Mejillones-Cardones line will allow the evacuation of all renewable generation in the northern part of the country and will also enable the creation of a single energy market in Chile, as well as creating a more stable, robust and competitive electrical system. will contribute to the reduction of the price of energy in the country. In addition, this project has been completed before the deadline committed to the Chilean State.

The project consists of a 600-kilometer line linking Mejillones and Cardones supported by 1,350 supports, as well as the new construction of Mejillones, Cumbre, Nueva Cardones and Los Changos, the latter being considered the largest in the country with a surface area of about 30 hectares.

International activity of the Red Eléctrica Group

Red Eléctrica Chile, a subsidiary of Red Eléctrica Internacional, acquired 50% of the share capital of Transmisora ​​Eléctrica del Norte (TEN), owned by Engie Energía Chile, in January 2016, at which time both companies have a close relationship, participating jointly in the management and construction of the project.

For the Red Eléctrica Group, this acquisition represented an essential step forward in its internationalization strategy and its entry into Chile, a country with high growth potential and a stable and secure regulatory environment, hand in hand with a highly recognized local partner in the Chilean electricity sector.

The international presence of the Red Eléctrica Group in Latin America, started more than 18 years ago in Peru, currently with two projects in operation and two other projects under construction, is reinforced with the commissioning of this project in Chile and with the awarding of a new one in this country last June, positioning itself as one of the main actors in the face of a potential Peru-Chile interconnection.

Currently, Red Eléctrica manages 1,185 kilometers of power lines in Peru and 1,206 in Chile, which will reach 1,464 kilometers with the award of the aforementioned project last June.