Engineering company Elecnor and closely held construction group Isolux, both based in Madrid, will invest $181 million in 960 kilometers (600 miles) of 220-kilovolt lines in the central and southern Andes, Proinversion, a state agency that promotes private investment, said in an e-mailed statement.
The 30-year concession is part of a government drive to line up $4 billion in electricity projects over the next four years by companies including Spain's Red Electrica de Espana SA and Endesa SA. (ELE)
``This marks the first time Peru will operate such high-tension power lines for electricity transmission,'' President Alan Garcia said in a broadcast by state television TV Peru. ``This is a step up into the First World.''
Elecnor fell 11 cents, or 0.4 percent, to 30.46 euros in Madrid trading before the bidding.
To contact the reporter on this story: Alex Emery in Lima at email@example.com