Infrastructural development

On the transmission free market, which presents ever-increasing opportunities for infrastructural development, Terna’s aim is to create and implement works and infrastructure, as both an asset investor and operator.

Latin America is the geographical area of most interest to Terna Plus.

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TernaPlus Progetti

Brasile

In 2000 Terna commenced its activities in Brazil, where it continued to operate until 2009 through its subsidiary Terna Participações SA, the second largest private transmission grid operator in the country. However, our return to the South-American country dates back to the last few years, with the two concessions Santa Maria Transmissora de Energia (SMTE) in the state of Rio Grande do Sul, and Santa Lúcia Transmissora de Energia (SLTE) in the state of Mato Grosso.

Project Santa Maria

The Santa Maria project involves the construction, operation and maintenance of the 230 kV “Santa Maria 3 - Santo Ângelo 2” transmission line, approximately 158 km long, in the Rio Grande do Sul region. The project is the result of ANEEL auction no. 001/2015 (lot J) and is governed by concession contract no. 03/2016-ANEEL. The power line entered into operation in the second half of 2018. The project owner is SPE SANTA MARIA TRANSMISSORA DE ENERGIA S.A. (“SPE Santa MARIA”), a concessionary whose purpose is the transmission of electricity as a public service in Brazil. SPE Santa Maria originally belonged to a Brazilian construction company. As of 26 June 2017, SPE Santa Maria is part of the Terna Group and is currently controlled by Terna Plus S.r.l., which owns 100% of its share capital.

Project Santa Lúcia

The Santa Lúcia project involves the construction, operation and maintenance of the 500 kV “Jauru - Cuiabá C2” transmission line, approximately 355 km long, in the Mato Grosso region of Brazil. The project is the result of ANEEL auction no. 005/2015 (lot G) and is governed by concession contract no. 07/2016-ANEEL. The infrastructure entered into operation in April 2019. The project owner is SPE SANTA LÚCIA TRANSMISSORA DE ENERGIA S.A. (“SPE Santa LÚCIA”), a concessionary whose purpose is the transmission of electricity as a public service in Brazil. As of 26 June 2017, SPE Santa Lúcia is part of the Terna Group and is currently controlled by Terna Plus S.r.l., which owns 100% of its share capital.

Linha Verde II Project

The Linha Verde II Project will involve the construction, operation and maintenance of the 500 kV “Presidente Juscelino - Itabira 5, C2” transmission line, around 153 kilometres long, in the state of Minas Gerais in Brazil. The project is the result of ANEEL auction no. 002/2017 (lot 8) and is governed by concession contract no. 08/2018-ANEEL. The infrastructure is expected to enter into service in 2021. The project owner is SPE LINHA VERDE II S.A. (“SPE Linha Verde II”), a concessionary whose purpose is the transmission of electricity as a public service in Brazil. Since 11 November 2019, it has been controlled by Terna Plus S.r.l., which owns the majority of its shares.

Bolivia

Paraguay

Uruguay

In September 2016, Terna won the tender for the construction of over 200 kilometres of power lines in Uruguay, with the aim of increasing the efficiency and security of the national grid, promoting energy diversification and supporting the integration of energy from renewable sources in the north of the country.

Project Melo - Tacuarembó

UTE, Uruguay’s National Utility Company, has planned to improve the reliability and capacity of the Sistema Interconectado Nacional (SIN - Uruguayan National Interconnected System) to increase diversification of the energy matrix and regional energy integration. The Melo - Tacuarembó project assigned to Terna involves the construction of the following infrastructure: - 213 km of 500 kV HVTL from Melo S/S to Tacuarembó S/S. - 1.5 km of 150 kV HVTL from Melo B S/S to Tacuarembó B S/S. - 9 km of 150 kV HVTL from Tacuarembó B S/S to the existing Bonete - Tacuarembó power line. The project entered into operation in October 2019.

Perù

Through the agency Proinversion, the Peruvian Minister for Energy and Mines launched a tender for the construction and concession of the high-voltage transmission line between Aguaytía and Pucallpa in the central region of Ucayali. This infrastructure will enable an increase in the generation, transmission and consumption of energy from renewable sources, promoting its integration and impact in the context of the country's production.

Project Aguaytía - Pucallpa

The Peruvian Minister for Energy and Mines has launched a tender for the construction and concession of the "138 kV Aguaytía Pucallpa (second circuit)” high-voltage transmission line which is part of the approved 2015-2024 national transmission plan. Responsibility for managing the tender process has been assigned to Proinversión (Agencia de Promoción de Inversión Privada - Perú [Private Investment Promotion Agency - Peru]). The new power line will be part of the Sistema Garantizado de Transmisión (SGT - Peruvian Guaranteed Transmission System) and will be connected to the Sistema Interconexion Nacional (Peruvian National Interconnection System). Terna Plus has been awarded the project, which is currently in the development phase. The project’s entry into operation is scheduled for the end of 2020.

Mato Grosso Project

In November 2016, Terna signed a Collaboration Agreement with the Parish of Chacas in Peru for the implementation of a new power line to connect the Huallin Hydroelectric Power Plant (owned by the Parish of Chacas). The high-voltage electricity line will be built at a record height of 4,100 metres in the Andes and allow the hydroelectric plant in Huallin (500 km north of Lima) to be connected to the Peruvian grid, significantly increasing the production and transport of renewable energy, to the benefit of local communities and other communities in need supported by Operation Mato Grosso. Terna Plus signed the Implementation Contract in February 2019 (after obtaining the necessary construction permits), which provides for the construction of 16 km of 60 KV power line to connect the Huallin hydroelectric plant to the Peruvian grid and provide substation components and a Tamini transformer. Siemens will support the project, providing the substation equipment. Terna Plus will perform all EPC (engineering, procurement and construction) activities, for the Parish of Chacas, and its volunteers will be entrusted with the civil works and the construction of the substation.

Ecuador

Colombia

Venezuela

Argentina

Cile

Guyana

Suriname

Guyana francese

The South American electricity sector

The South American electricity sector has experienced a profound transformation. Several countries have developed new regulatory systems: Chile in 1982, Argentina in 1992, Peru in 1993, Bolivia and Colombia in 1994, Brazil and Central American states such as Panama, El Salvador, Guatemala, Nicaragua, Costa Rica and Honduras in 1997.

It has become extremely important for local governments to revive the private sector’s role in managing electricity transmission and release the market from public control.

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Description of the market

The South American market is one with strong privatised growth, along with a consolidated regulatory framework and the chance for “fast” employment opportunities. The concessions awarded to Terna Plus are a solid guarantee of stability for the electricity sector.

We are involved in liberalised transmission markets such as Brazil, Peru and Uruguay and we continue to actively monitor the situations in other countries such as Chile and Colombia.

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Operational approach

We participate directly in international competitive processes organised by government agencies and local investment entities, aiming to make investments with a limited risk profile.

Ongoing projects

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Brazil

In 2019, construction work was completed on the lines and substations for the Santa Lucia Transmissora de Energia (SLTE) concession, which joined the Santa Maria Transmissora de Energia (SMTE) already in operation in the last months of 2018. Meanwhile, development activities in Brazil continued with the acquisition of a majority stake in a new concession, Linha Verde II, for the construction of an additional 153 km of 500 kV lines in the state of Minas Gerais. The project is currently under construction and is expected to be completed by 2021.

Peru

The activities started in 2017 continue for the construction of 132 km of new 138 kV power lines between Aguaytía and Pucallpa. In 2019, once environmental authorisations had been obtained and easement acquisition activities had progressed adequately, construction of the line began with the civil activities currently under way. In the meantime, a Collaboration Agreement was signed with the Parish of Chacas in Peru for the implementation of a new power line to connect the Huallin Hydroelectric Power Plant (owned by the Parish of Chacas) and EPC activities are currently under way, carried out by Terna Plus.

Uruguay

In 2019, construction of the 213 km long 500 kV “Melo -Tacuarembó” transmission line was completed. The construction phase was completed in October 2019, in accordance with the contractual terms of the operating lease contract signed with the local utility.