Chira-Soria is a 200MW hydro power project. It is planned in Canary Islands, Spain. The project is currently in permitting stage. It will be developed in single phase. The project construction is likely to commence in 2021 and is expected to enter into commercial operation in 2027.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Hydropower | 200 | – | 200 | Permitting | Canary Islands, Spain | Red Electrica Corporacion |
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Description
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The project is being developed and currently owned by Red Electrica Corporacion.
Chira-Soria is a pumped storage project. The hydro reservoir capacity is planned to be 5.2 million cubic meter. The penstock diameter will be 4m. The project is expected to generate 3,200 GWh of electricity. The project cost is expected to be around $375.342m.
The hydro power project consists of 3 turbines, each with 66.6MW nameplate capacity.
Development Status
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By GlobalDataThe project construction is expected to commence from 2021. Subsequent to that it will enter into commercial operation by 2027.
About Red Electrica Corporacion
Red Electrica Corporacion SA (REC) carries out transmission, generation, distribution and operation of the transmission network for the Spanish electricity system. The company operates the regulated activities through its principal subsidiary, Red Electrica de Espana, S.A. (REE), a transmission system operator and other subsidiaries. REC is involved in electricity transmission activities outside Spain and provides telecommunications services. The company also undertakes the construction of international interconnections, energy storage and financing and risk reinsurance. It serves the third parties in Spain, Peru, Chile and among others. REC is headquartered in Alcobendas, Madrid, Spain.
Methodology
All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.
