German-based Hochtief Construction AG announced its joint venture contract to build Chile’s 158-MW La Confluencia hydroelectric project totals 175 million euros (US$254.6 million).
Joint developers Pacific Hydro Ltd. of Australia and Statkraft Norfund Power Invest of Norway (SN Power) awarded a construction contract in 2007 for Hochtief and Tecsa of Chile to build La Confluencia on Chile’s Tinguiririca River. The World Bank’s International Finance Corp. announced approval in October of US$208 million in financing for the project. (HNN 10/30/07)
Hochtief said January 18 it holds a 70 percent interest in the construction venture to design and build a turnkey powerhouse with two turbines, two river diversions, and tunnels totaling 19 kilometers in a difficult-to-reach mountain region.
The US$350 million project is to be completed by 2010, 150 kilometers south of Santiago at a height of about 1,100 meters. It is being developed downstream from the partners’ 155-MW La Higuera hydro project, which is under construction with completion expected in 2008. (HNN 7/23/07)