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HOCHTIEF to Build Further Hydropower Project in South America for EUR 215 Million - HOCHTIEF share roughly EUR 150 million - Construction period until 2017 - Further contract in energy infrastructure segment - HOCHTIEF.de
HOCHTIEF to Build Further Hydropower Project in South America for EUR 215 Million

 

PRZOOM - /newswire/ - Essen, Germany, 2012/11/28 - HOCHTIEF share roughly EUR 150 million - Construction period until 2017 - Further contract in energy infrastructure segment - HOCHTIEF.de.

   
 
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HOCHTIEF Solutions together with a partner has been awarded the contract for the construction of the Alto Maipo hydropower plant in Chile. The contract volume of the project near Santiago amounts to around EUR 215 million. Of this, HOCHTIEF has a share of roughly EUR 150 million. The owner is the Chilean energy utility A.E.S. Gener. After the hydroelectric power plant La Confluencia in Chile which was already completed in 2011, and the Cheves hydropower plant under construction in parallel in Peru, the Essen-based Group thus secures another contract in the energy infrastructure segment in South America.

HOCHTIEF Solutions (hochtief.com) will start the works for the new power plant in Chile in 2013. The project encompasses two complex construction lots in the Andes, approximately 30 kilometers southeast of Santiago at a height of roughly 2,500 meters. The main elements are the intake structures, a total of 18.5 kilometers of tunneling and a five-kilometer-long steel pipeline. In addition, the consortium will take over execution planning. The construction works for the 531-megawatt power plant will be completed in 2017.

Ullrich Reinke, member of the Executive Board of HOCHTIEF Solutions: "With our know-how and our experienced co-workers in tunneling and power plant construction, we make a major contribution to sustainable energy supplies in high-growth markets."

 
 
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Agency / Source: HOCHTIEF AG

 
 

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HOCHTIEF to Build Further Hydropower Project in South America for EUR 215 Million

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HOCHTIEF AG |
Contact: Stefan Hannen - HOCHTIEF.de 
+49 201 824-2960 stefan.hannen[.]hochtief.de
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any HOCHTIEF AG securities in any jurisdiction including any other companies listed or named in this release.

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