Cox

Cox awarded contract in Paraguay for the construction of 500 km of transmission lines

  • The contract, for an amount of 64 million dollars, includes the construction of 500 km of high-voltage transmission lines (220 kV) in the Paraguayan Chaco (Paraguay) 
  • The project will be developed by Cox in collaboration with a local company, including the phases from engineering to commissioning. 
  • It will expand and stabilize the electricity grid in the western and northern areas of Paraguay, responding to the growth in demand and the need for a more efficient service.  
  • With an experience of more than 30,000 km of transmission lines built around the world, Cox consolidates its presence as a benchmark in sustainable energy infrastructure in Latin America. 

 

Madrid, July 1, 2025. Cox, a water and energy utility, has been awarded a new contract in Paraguay (through Cox Chile) for the design and construction of 500 kilometers of 220 kV transmission lines in the Chaco region, on behalf of ANDE (National Electricity Administration) 

With an investment of 64 million dollars, the project will be executed together with the Paraguayan company L.T. S.A. and will include everything from design and engineering to the supply, installation and commissioning of two power lines aimed at strengthening the national grid. 

These infrastructures are essential to expand transmission capacity and ensure a more reliable electricity supply in the Western (Chaco) and Northern regions of the country, in response to growth in demand and the challenges of a more efficient and resilient grid. 

With a global experience that exceeds 30,000 kilometers of transmission lines, Cox consolidates its regional leadership in Latin America through projects that promote a more sustainable, resilient and locally development-oriented electricity grid. 

As Enrique Riquelme, Executive Chairman of Cox, explains: “We continue to move forward decisively on our roadmap towards decarbonization, through sustainable investments that strengthen electricity infrastructure, promote renewable generation and add value to the communities where we operate. We do this through strategic alliances, integrated solutions and a long-term vision that accompanies the economic and energy growth of the region.” 

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Luis Arizaga Zárate

Independent Director

Member of the Audit Committee

Date of appointment: September 17, 2024

Shareholding in Cox Abg Group, S.A.: 11,514 shares

Partner of Exus Management Partners (Exus) and GenuX Power, a global renewable energy platform with offices in nine countries, managing 11GW of installed capacity, including 2.6GW in Mexico between wind and solar energy projects. Holds a Master of Business Administration (MBA) from the Leonard N. Stern School of Business at NYU in New York, and a bachelors degree in Accounting and Finance from ITESM in Mexico.

Prior to joining EXUS in 2019, he founded EIRA Capital, an investment platform focused on Energy and Infrastructure transactions in Mexico, and Latin America. He was also part of Australia’s Macquarie Group in Latin America, where he spent more than 7 years in the Macquarie Capital and Macquarie Funds divisions, working on fund capital raising, equity investments, asset management activities, as well as third party advisory roles on energy and infrastructure transactions in Mexico and Latin America. During his years at Macquarie, he also held board positions in the several investments made by Macquarie which covered energy, public private partnerships, roads, and telecom companies. In addition, his previous involvement at financial institutions include positions in the investment banking teams of Deutsche Bank’s M&A group in New York, and Citibank’s M&A group in Mexico.

Other former relevant positions include his role as independent member of the investment committee of the Instituto del Fondo Nacional de la Vivienda para los Trabajadores (Mexican mortgages and housing government agency).

Enrique Riquelme Vives

Presidente Ejecutivo

Fecha de nombramiento: 17 de septiembre de 2024

Participación en el capital social de Cox Abg Group, S.A.: 50.612.744  acciones

Presidente Ejecutivo de Cox, tras iniciar su andadura profesional en el sector inmobiliario y de la construcción, en 2010 fundó Grupo El Sol en Panamá, especializado en operaciones de minería, cemento, infraestructuras y energía. Con el tiempo, la empresa se convertiría en el mayor proveedor de arena de la UTE responsable de la ampliación del canal de Panamá. Posteriormente, pasó a liderar las fases de oferta y desarrollo de Rainbow 50: el proyecto fotovoltaico de mayor envergadura ejecutado en América Latina hasta aquel momento.

Ha recibido varios galardones por su contribución al mundo empresarial en España, entre ellos el Premio del Certamen Nacional de Jóvenes Emprendedores 2018. También ha sido distinguido como uno de los «100 latinos más influyentes comprometidos con la acción climática» y uno de los «100 españoles más creativos del mundo de los negocios» según la revista Forbes. Actualmente, es miembro del Consejo Internacional de la San Telmo Business School y preside el Consejo Asesor de la Fundación Scholas para Panamá, Centroamérica y Caribe.