The public procurement process that was declared void at the beginning of the year was that the company winning the contest would have to make an investment with its resources to then operate the Fourth Line and thus recover the investment. The plan contemplated that it would later transfer the operations to Empresa de Transmisión Eléctrica (Etesa).

Now, with the arrival of the new authorities, the viability of modifying the conditions of the contract is being studied. The most important change would be that the company that wins the bidding process must join forces with Etesa to develop the work under the parameters established by the Public-Private Partnership Law (APP).

In this sense, at the end of July the Ministry of Finance presented a project to modify the law regulating public contracts, which on the specific issue of Public-Private Partnerships (PPP), the proposal contemplates the creation of a regime for this type of contracts, which must be approved by the Cabinet Council, an Advisory Committee and a Governing Body.

Jorge Rivera Staff, president of Etesa, told Prensa.com that "... We are carrying out a review and evaluation of the process and the model as such. It is clear the importance of building this line within the opportune times, but it required a review of the failed tender."

The article reviews that "... Although the new board of directors of Empresa de Transmisión Eléctrica, S.A. (Etesa) analyzes the development of the fourth line through the model of public-private partnership, emphasizes that the mechanism of operation will be exclusive to the state company."

See details of the tender.

Source: Prensa.com

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