Chile's Ministry of Public Works (MOP) has set the bidding deadline for the Punilla reservoir concession project in the BÃo-BÃo Region.
The shortlisted companies/consortia will have to submit their proposals on or before 30 June this year. The economic proposals are scheduled to be opened on 28 July 2015. So far, a total of five teams have been shortlisted for the project:
The project involves the development of a 137 meters high dam and a 94 MW hydro power plant. The project is expected to double the amount of irrigated lands to over 60,000 ha. It includes a reservoir with capacity of 625 million m³, which will be located 30 km from San Fabián de Alico. An 85% of the new water reservoir will be used to address irrigation needs while the remaining 15% will be used to produce energy.
The contract is a 20-year concession with income from generation of hydroelectricity. The total project investment is estimated at US$387 million.
The reservoir would address the irrigation needs of farmers in the area of the River à ‘uble, including the à ‘uble province and part of the San Carlos, Chillán, à ‘iquén, San Nicolás, Coihueco and San Fabián de Alico municipal districts in the BÃo-BÃo Region.
During this month we have reported about several water PPP projects globally: