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July

Abengoa is awarded with the construction under turnkey mode of the Garabito 180 MW Combined Cycle Thermal Power Plant in Costa Rica

July 22, 2004

  • The Power Plant will be the largest thermal power plant in the country and the first one to be constructed under Combined Cycle technology

Madrid, July 22nd 2004 - The Instituto Costarricense de Energía (ICE) has approved in Management Committee to award to Abener Energía, company of Abengoa's Industrial Engineering and Construction Business Unit (Abeinsa), the construction project under turnkey mode of the Garabito Combined Cycle Thermal Power Plant, located in the western coast of the country.

The Project, which equals an amount of 158 million dollars, has been awarded to Abener among four tenders submitted. Furthermore, Abener will provide the long-term financing of the project to the ICE.

The Power Plant will be the largest thermal power plant in the country and the first one to be constructed under Combined Cycle technology. The energy generated by the power plant will meet approximately 10% of the need for the demand for electrical power in the country.

Instalaciones Inabensa, company also belonging to Abeinsa, is currently executing three construction projects of electrical infrastructures in Costa Rica, at a value over 60 million dollars.

As Alfonso González Domínguez, Abeinsa Chairman, stated "Abengoa is firmly compromised with the development of electrical and generation infrastructures in Costa Rica and with this new project we ratify the trustworthiness that the Costa Rican people have placed in us".

Abeinsa, head company of Abengoa's Engineering and Industrial Construction Business Unit focuses its activity on engineering, construction and maintenance of electrical, mechanical and instrumentation infrastructures in the areas of power, industry, transport and services. Furthermore, its activity comprises promotion, construction and exploitation of conventional industrial and power plants (cogeneration and combined cycle), renewable (bioethanol, biomass, wind, solar and geothermal) and networks and telecommunication turnkey projects.(www.abeinsa.com)

Abengoa is an industrial and technological company that quotes at Stock Market and has a capitalization over 522 millions euros (31/12/2003). This Company provides solutions for the Sustainable Development, Society of Information and Knowledge and Creation of Infrastructures. Nowadays it operates in four large activity areas: Bioenergy, second worldwide producer of bioethanol; Environmental Services; European leader in segments of the market of industrial residues; Information Technologies, in which it is one of the leading companies worldwide, with operations in Europe, America and Asia; and Engineering and Industrial Construction, leader in Spain and Latin America. (www.abengoa.com).



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