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The Chilean Ministry of Public Works (MOP) has received seven pre-qualification bids for the Punilla reservoir concession project in the Bío-Bío Region.
The pre-qualification phase is open to both local and foreign companies. The seven companies/teams that have shown interest for the project are the following:
The first three have already been shortlisted while the remaining four are being analyzed by the MOP. Other firms that could be interested in the project are Pacific Hydro Chile, GDF Suez, Abengoa and Sinohydro Corporation.
The project involves the development of a 165 meters high dam and a 100 MW hydro power plant. The project is expected to double the amount of irrigated lands to over 60,000ha. It includes a reservoir with capacity of 625 hm3, which will be located 30km from San Fabián de Alico.
The contract is a 20-year concession with income from generation of hydroelectricity, sale of water rights prior to the concession (considered as annual income) and use of water not acquired by the reservoir's users.
The total project investment is estimated at US$600 million with financing to be split between the government, local farmers and a private concessionaire.
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 Bío-Bío Region.Chile has currently several PPP projects in tender stage: