Project Details

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Results Chart for Delivery Method and Financing

Delivery Method

DBB/CMAR
# of Projects: 1
100% of the Results

Background informationProject Created: April 11, 2010

Project Name: Sogamoso River Hydro Project (Colombia)
Year in Operation:
Sector: Water & Waste
Subsector: Water, Energy Generation
Status: Design / Construction
Type: New Facility
Description: First phase contract for construction of a 190 meter-high, 300-meter long concrete-faced gravel filled dam and underground power station on the Sogamoso River in Santander province, Colombia.
Delivery Method as described in the country where it's located: Design Bid Build
Is the project still active: Yes
Comments: 5 year construction period expected. Installed capacity of 820MW, generating 5056GWh/per year.

Project Locations

Address:
City: Cruces
State:
Country: Colombia, Republic of

Souces of Project Support (Non-monetary)

Checkbox Checked Land: Project is licensed by grant from the Ministry of the Environment, Housing, and Territorial Development. The Project is being developed by ISAGEN, which is a quasi-public company controlled by the federal government of Colombia.
Checkbox Checked Environmental Clearance: By Colombian Ministry

Souces of Project Support (Monetary)

Checkbox Checked

From Private Capital Markets Directly to Producers as Debt: $813 million in loans from local Colombian banks. Total project cost is estimated at $1.74.

Checkbox Checked

From Producers as Equity: ISAGEN is self-financing balance.

Project Delivery & Finance Method

Project Delivery:
All Public Finance. Public Sponsor contracts for initial design, and separately contracts for initial construction. Public Owner then separately contracts with another party, who operates and maintains the facility.
Construction Manager At Risk Variants: Public Sponsor contracts with Construction Contractor after Design is Complete.

Procurement Approach

Project Component
Qualifications
Based Selection
Request for
Qualifications
Request for
Proposals
Invitation
for Bids
Unsolicited
Proposals
Design
X

Term for Key Components & Forms of Contract

Project Component
Years
Quarters
Initial Design and Construction
5
0
Forms
Description
 
 

Project Value (If and As Known)

Date of Estimated Project Value: April 11, 2010
Project Value
Hard Cost
Hard & Soft Costs
Total
$500 Million - 2 Billion US
(none)

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