Project Name: Comprehensive Utilization of Water Resources Franchise Project -Petorca, Chile
Host Country: Chile
Project Duration: May 2018 – May 2037
Project specification:
CHEC’s Comprehensive Utilization of Water Resources Franchise Project in Petorca, Chile, is the franchise project opened to tender by MOP, about 17km west of the city of Petorca, in the Valparaiso region. , The total investment is about 142 million U.S. dollars and its franchise period of 19 years.
The work content of the franchise contract is: EIA commitment projects, land acquisition and demolition, existing facilities relocation, project financing, EPC design and construction general contracting, operation and maintenance, etc. The main works of the project include the main dam (concrete face rock-fill dam, 560m long, 70m high), the secondary dam, diversion tunnel, spillway diversion channel, headrace channel (58km) and the road rerouting on both sides of the reservoir. After completion of the project, a water storage reservoir with a submerged area of 252 hectares will be formed, with a total capacity of 55 million cubic meters.
Characteristics and Significance of the Project:
Petorca is one of the most arid areas in Chile, and the project is used to ensure the water supply for surrounding fruit farmers during the severe drought season, with an irrigation area of about 1,986 square kilometers. After the project enters the operation phase, the utilization rate of local water resources will be greatly improved, which is of great significance for solving local employment problems and promoting the development of local irrigated agriculture.
This project is the first PPP project of a Chinese enterprise in Chile, and the result of CHEC's embrace of the group's state-owned capital reform. This improves the strategic positioning, and enrichment of the connotation of "Platform + Industry Leading". It facilitates a stable foundation for CHEC's water resources industry layout and infrastructure capital layout, and is a new field of practice. In this regard CHEC spares no effort to implement the "three-line" layout, and as well spares no effort to upgrade the value management of the whole chain. This is of great importance to CHEC's future water resources industry investment projects, business expansion and CHEC's "Platform + Industry Leadership 2.0" upgrade.