Colombian engineering firm Odinsa and Russian hydro equipment supplier Technopromexport have agreed to build a US$1 billion hydroelectric project in Venezuela, part of the 1,531-MW Uribante-Caparo hydroelectric complex.
After meeting in Moscow, Odinsa President Luis Fernando Jaramillo Correa said September 11 that Technopromexport is to provide technology and technicians to consult with Colombian builders and supervise the work. The companies signed preparatory agreements in Moscow.
Technopromexport head Sergei Molozhavy met with Venezuela Energy Minister Rafael Rodriguez in July on plans for a 500-MW hydro project on the Rio Doradas, one of three rivers involved in the Uribante-Caparo complex. (HNN 8/1/06) At that time, the Russian firm said it had prepared a feasibility study and was completing cost calculations.
Jaramillo said the hydro project will support power integration between Venezuela and Colombia and could lead to other joint ventures between Odinsa and Technopromexport in Latin America.
The owner-operator of Uribante-Caparo, Venezuela state utility Compania Anonima de Administracion y Fomento Electrico (Cadafe), awarded a contract in 2003 to Alstom Power Hydro to equip part of the complex, the 514-MW La Vueltosa hydropower project in Merida State.