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June

Abener signs contract with ONE to build 470 MW thermo-solar plant in Morocco

June 20, 2007

Madrid, June 20, 2007 - Abener, part of Abeinsa, which leads Abengoa's Industrial Construction and Engineering Business Group, last May 18th 2007 signed a contract with Morocco’s ONE, Office National de l’Electricité, to build the Ain-Beni-Mathar thermal solar plant The contract also includes the operation and maintenance of the plant for the first five years.

The plant will be located in Morocco and will generate around 470 MW (day mode), 20 MW of which will come from energy collected in a 183,000 m2 solar field with cylindro-parabolic mirror technology. The installation of this solar field qualifies for a subsidy of 43 M USD from the World Bank's Global Environment Fund.

Abener’s bid was selected over three other competing consortiums, led by: Siemens (Germany), Soluciona/Cegelec (Spain/France) and SNC-Lavalin (Canada).

Abener’s extensive experience in “turnkey” construction of plants using thermal solar technology was decisive in the awarding of the contract for the construction of the Ain-Beni-Mathar plant.

Abener recently concluded phase one of the Sanlúcar Solar project in Sanlúcar la Mayor (Spain), which will be the world’s largest solar platform, with a rated power of more than 302 MWe. Phase one was successfully completed with the commissioning of PS10, the first commercially-operated plant with its technology in the world, with 11MW of power, and ready to supply 24GWh/year, or the equivalent of the consumption of 6,000 homes. Work has also begun on two adjacent plants, PS20 and Solnova I, with capacities of 20 and 50 MW.

Thermal solar plants use the sun to generate steam, which is processed in a turbine to generate electricity cleanly. The advantages of solar technology over others include: the abundance of the sun's resources, the maturity of the technology, the technology's significant potential for improvement, the need to contribute to controlling CO2 emissions, and the prospect of rising oil prices and depletion of petroleum fields.

Abengoa is a technology company applying innovative solutions for sustainable development in the infrastructure, environment and energy sectors. It is a Listed Company with market capitalization of 2,714.09 million euro (20/06/2007) and is present in more than seventy countries where it operates with its five Business Units: Solar, Bioenergy, Environmental Services, Information Technologies, and Industrial Engineering and Construction. (www.abengoa.com).



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