The operation gives Transelec control of Transchile Charrúa Transmisión, including a strategic line of more than 200 kilometers between Biobío and La Araucanía.
Transelec has completed the acquisition of 100% of Transchile Charrúa Transmisión, a company previously controlled by the Spanish firm Ferrovial, thus strengthening its presence in southern Chile’s electricity system.
The operation involves the incorporation of strategic regulated assets for the National Electric System (SEN), in particular a transmission line of approximately 200 kilometers that connects the Charrúa substation in the Biobío Region and the Cautín substation in the La Araucanía Region.
According to the company, the acquired infrastructure is considered a “critical piece” for the electricity supply of southern Chile and for the injection of renewable energy into the system.
The transmission corridor plays a strategic role in transporting electricity to Chile’s southern regions, also allowing the integration of renewable generation from wind projects and other clean sources.
Growth strategy
Transelec’s Vice President of Business Development, Olivia Heuts, stated that the acquisition aligns with the company’s strategic growth plan. “We are incorporating a line that acts as a backbone for the electricity supply of southern Chile. It allows us to strengthen the national system and ensure quality of service for the region,” she indicated.
Heuts added that the operation reaffirms Transelec’s ability to execute acquisition and expansion processes in electricity transmission assets that are highly important for the country.
The Transelec Group is the main electrical power transmission company in Chile. It is owned by a consortium made up of the Canadian funds Pension Plan Investment Board (CPP), British Columbia Investment Management Corp. (bcIMC) and Public Sector Pension Investment Board (PSP), as well as the company China Southern Power Grid International (CSG).
Source: Reporte Minero.
%2017.11.51.png)
