Seville, April 5 2006.- Abengoa has signed a contract with the Government of Argentina for the construction of a 500 KVolt High-Voltage Electricity line with a length of more than 181 Km, for a total amount of 49 Million Euros. The signature act was chaired by the President of Argentina, Mr. Nestor Kirchner, and the Governors of the corresponding provinces, Mr. Jose Luis Gioja and Mr. Julio Cobos. This agreement is part of the Federal Plan for Electricity Transmission and will contribute to strengthen the electricity supply of the country.

The new Electricity line that will connect the provinces of Mendoza and San Juan will be operational in March 2007 and will be a supply alternative to mining developments in the Argentinian mountain chain, therefore its name “Mining Line”. Abengoa will make first the necessary works and services for the electrical interconnection and the supply and assembly of an integrated Telecommunications System. Also, Abengoa will be in charge of its maintenance and operation.

According to Abengoa’s Business Group Manager for Latin America, Salvador Martos, “this is a critical project to reconfigure the Electricity System of the province of San Juan, and to satisfy the Energy needs of the province at present. Furthermore, it makes up the basis for growth in the Argentina electrical sector”.

Abengoa currently develops in Argentina the construction and electrical work for the residual transference installations in Yacireta. Abengoa has also developed the supply and field wiring of isolation unipolar cable in the Aular station, in Puerto Madryn (Chubut) and the enlargement of the transforming station of 500 kV for the Combined Technical Commission of Salto Grande, in the province of Entre Rios, in the coast of the country.

Argentina was the first country where Abengoa installed its first office in Latin America in 1968. Latin America represents today around 30 percent of the business turnover, with more than 4.000 professionals at present, and with a strong presence in the activities of Energy, Installations, Telecommunications and Industrial Manufacturing and Marketing in countries such as Uruguay, Venezuela, Brazil, Mexico, Peru, Puerto Rico, Paraguay, Chile and Bolivia.

Abengoa is a technology company applying innovative solutions for sustainable development in the infrastructures, environment and energy sectors. Listed with a market capitalization in excess of 2,016.57 million euro (5/04/2006), Abengoa is present in over seventy countries, operating through its five business units: Solar, Bioenergy, Environmental Services, Information Technologies, and Industrial Engineering and Construction. (www.abengoa.com).