Argentine hydropower equipment manufacturer IMPSA announced March 17 that its consortium was named top bidder to build two hydroelectric projects, La Barrancosa and Condor Cliff, totaling 1,700 MW, on the Santa Cruz River of southern Argentina.
IMPSA said the government of Santa Cruz Province released rankings in February of the two groups that submitted bids in 2008. (HNN 4/16/08) It said its consortium with Camargo Correa and Corporacion America was chosen over the other group, Electroingenieria, IECSA, and Jose Cartellone.
ï¿½The notification of the ranking constitutes a milestone in this bidding process and is promising for IMPSA’s aspirations,ï¿½ the manufacturer said. ï¿½It will conclude with the awarding of the contract.ï¿½
Santa Cruz seeks execution, funding, commercial development, operation, and maintenance of 1,140-MW Condor Cliff and 600-MW La Barrancosa. IMPSA said the projects together have the second largest capacity of their kind in the country, after 3,200-MW Yacyreta on the Parana River.
Argentina President Cristina Fernandez de Kirchner and Santa Cruz Province Gov. Daniel Peralta opened bids from the competing consortia in April 2008.
The projects are expected to require an investment of US$2 billion and to generate 5,000 jobs over four years of construction. Work is to include design, civil construction, equipment supply, transmission line construction, operation and maintenance, and financing of La Barrancosa and Condor Cliff.