Empresas Públicas de Medellín (EPM), a state-owned power utility, has selected the CYS Consortium for the construction of final civil works for the commissioning of generation units 5 to 8 of the 2.4 GW Ituango hydropower project located on the Cauca River in northwestern Colombia. The consortium is composed of Yellow River CO., a Chinese construction company, LTD Sucursal Colombia and Schrader Camargo SAS (Colombia). Each unit has a capacity of 300 MW. The contract is worth 1,075bn and is expected to be executed within 3 year.
The project was planned in two stages, with the first stage involving units 1 to 4 and the second stage involving units 5 to 8. In November 2022, the contract with the CCC Ituango Consortium, responsible for the first stage' main civil works, ended due to the contract's expiration. The consortium declined to continue work on units 3 and 4 due to a unit price payment scheme. Schrader Camargo SAS, a Colombian company, took over these works starting in December 2022.
For the second stage, EPM opened a public request for offers in March 2022, with 10 firms expressing interest but only one submitting an offer, leading to the process being declared void. In April 2023, EPM opened a new request for offers, awarding the contract to the CYS Consortium.