Atlas Copco wins equipment contract for Colombian hydropower project

29 November 2012 (Last Updated November 29th, 2012 18:30)

Swedish industrial group Atlas Copco has signed an order worth Skr70m ($10.44m) to supply equipment for the second phase of Colombia's largest hydroelectric power project.

Ituango_Hydro_Power_Colombia

Swedish industrial group Atlas Copco has signed an order worth Skr70m ($10.44m) to supply equipment for the second phase of Colombia's largest hydroelectric power project.

Under the contract, Atlas Copco will supply a total of 28 machines for underground, surface and exploration drilling, loading, as well as stationary and portable compressors for the Ituango project in Antioquia.

Atlas Copco Colombia said this was the biggest contract the company has signed in its 26 years of operation.

The equipment will be delivered to the CCC Ituango consortium, consisting of Camargo Correa from Brazil, and Conconcreto and Coninsa from Colombia.

The order was booked in the fourth quarter and deliveries will be made during the next 12 months.

"Colombia is an increasingly important market for Atlas Copco and we are pleased to be able to meet local demand for products and services related to infrastructure and civil engineering projects."

Located 170km north of the Colombian city of Medellin, the Ituango project is a part of the initiative undertaken to exploit the hydroelectric potential of the Cauca River in its middle stretch.

The project will consist of a 225m-high dam with a volume of 20 million cubic metres, and an underground powerhouse with an installed capacity of 2,400MW.

Colombian multi-utility group Empresas Publicas de Medellin (EPM) is developing the project, which is expected to generate 13,930GWh a year once complete.

The project's first stage of commercial operation would begin in 2018, while the second stage is expected to start in 2022.

Atlas Copco Mining and Rock Excavation Technique business area president Bob Fassl said: "Colombia is an increasingly important market for Atlas Copco and we are pleased to be able to meet local demand for products and services related to infrastructure and civil engineering projects."


Image: The 2,400MW Ituango hydroelectric project is located in Antioquia, Colombia. Photo: courtesy of EPM.