A pair of Colombian firms have been granted a 30-year concession to build and operate a 220-kilovolt electrical transmission line in Peru that will draw power from a hydroelectric plant near Machu Picchu. Empresa de Energia de Bogota S.A. and Interconexion Electrica S.A. will build the 204-kilometer Machu Picchu-Abancay-Cotaruse line for $62.5 million, officials said. Over the summer, the Zürich, Switzerland-based ABB group was awarded a three-year, $148.5-million contract to increase the installed power of the Machu Picchu facility to 99.86 megawatts and build an 87.57-MW facility near Santa Teresa. The project is designed to regulate the level and flow
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.