Alupar wins tender in Chile and expands presence in transmission with US$85 million project
Alupar's Chilean subsidiary (ALUP11) won the tender for two substations and a 66 kV line in the Maule region, with energization scheduled for 2031.
BY THE X-TRADER NEWS NEWSROOM · REPORTING FROM MONEY TIMES · 2 MIN
Alupar (ALUP11) announced another step outside Brazil. In a statement to the market released on Tuesday (3), at the end of business hours, the company reported that its subsidiary Alupar Inversiones Chile won the bid for a transmission project in Chile, estimated at US$85 million, according to Money Times.
The project envisages the construction of two substations, Nueva S/E Pelarco and Nueva S/E Trueno, in addition to a new 2x66 kV line connecting Trueno to Pelarco. According to InfoMoney, the work is in the Maule region.
According to InfoMoney, based on a note from Reuters dated November 4, the values are the same: US$85.0 million investment and RAP of US$11.9 million. The acronym RAP refers to the permitted annual revenue, which is the annual remuneration recognized for the asset.
The dispute followed Exact Decree No. 354/2025, which deals with the right to construct new works. According to Money Times, the result still remains to be made official before the local regulatory body. Only after this conclusion does victory in the dispute become effective permission to operate.
The concession has no deadline, and entry into operation is scheduled for 2031, according to InfoMoney. In practice, the asset will still take a few years to generate revenue, even with the bidding already defined.
The deal shows the company's presence in the Chilean transmission market, where revenues follow rules defined by the regulator and do not depend on the volume of energy transported.
Reading for those who have the action
Anyone who follows ALUP11 should see the case as a medium and long-term gain, and not as something that moves the balance sheet now. The concession without a defined date and the remuneration fixed by regulatory rule tend to bring predictability to revenue, as long as the schedule is met. On the other hand, entry into operation only in 2031 and officialization still pending reduce the immediate impact. It is worth monitoring the progress of the process before the Chilean regulator, the progress of the works and the next balance sheets, which will show the real size of the project within the company as a whole. This article does not recommend buying or selling shares.
Automatically translated from Portuguese.
