The local industry association believes upcoming auctions will help the country exceed growth expectations.
Brazil's AES Tietê is actively working to reduce the share of hydro power in its portfolio. "Our goal is to have 50% of our Ebitda coming from non-hydro sources based on long-term contracts by 2020," the company's CEO Ítalo Freitas tells BNamericas.
The transmission project is scheduled to enter service in 2019 and aims to improve dispatch to the southern city of Tacna, on the border with Chile.
The government admission came after Standard & Poor's lowered Colombia's rating as a sovereign issuer in foreign and local currency. State oil producer Ecopetrol and power transmission group ISA were among nine local companies also downgraded.
The measure is part of a new governance policy adopted by the Brazilian company.
The tender entails the construction of a medium voltage power distribution network, substations, and the structured cabling infrastructure (subsystems) of the future airport that is currently under construction.