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May

Abengoa reaches an agreement with Prana Capital, a fund of the Artha Group, to advance works at El Zapotillo aqueduct

May 24, 2017

  • Prana Capital will invest in developing the concessionary project while Abengoa will continue to have 20% project ownership and will be in charge of engineering and construction

May 24, 2017 – Abengoa (MCE: ABG/P:SM), the international company that applies innovative technology solutions for sustainable development in the energy and environment sectors, has reached an agreement with Prana Capital, the Infrastructure and Energy division of Artha Capital, a Mexican pension fund manager, in which the latter will invest financial resources to complement the capital provided by Abengoa towards this important project. This union has the goal of advancing the construction of this 139 km aqueduct which will supply potable water to more than one and a half million inhabitants in an efficient, sustainable and secure way, from the El Zapotillo dam to the towns of Los Altos de Jalisco and up to the city of León

In particular, Abengoa and Prana have signed a binding alliance in which the fund will provide complementary capital for the development of the infrastructure; while Abengoa will continue to have 20% project ownership and shall remain responsible for the engineering and construction of this key project for the company. In addition to the completion of the works, Abengoa will also be responsible for the supply, operation, maintenance of the infrastructure for a period of 25 years.

The agreement is subject to the main parties of the project (Conagua, Banobras, Sapal, Abengoa and Prana) reaching an agreement as to the key milestones that must be achieved to ensure the execution of the project.

The project includes the construction of 139 kilometers of large diameter pipes, pumping stations with a total installed capacity of 24,000 kilowatts, a water treatment plant with a 3,800 liter/second capacity, a 100,000 cubic meter storage tank, and a 40 kilometer distribution circuit in the municipality of León. This aqueduct will ensure the supply of quality potable water to more than a million and a half people in Los Altos de Jalisco and León, thereby reducing aquifer exploitation in the Lerma-Chapala-Santiago basin.

Abengoa has been present in Mexico since 1981 and has extensive experience in the country developing renewable and conventional power projects, electricity transmission and distribution, industrial plants, water projects and singular construction both with the Mexican government and with the private sector.

About Abengoa

Abengoa (MCE: ABG/P:SM) applies innovative technology solutions for sustainability in the energy and environment sectors, generating electricity from renewable resources, converting biomass into biofuels and producing drinking water from sea water (www.abengoa.com).

About Prana Capital

Prana Capital is the Infrastructure and Energy division of Artha Capital, a private equity manager in alternative investments focusing on origination, development, acquisition and the operation of real assets in multiple segments. Currently, Artha Capital has more than MXN $ 22.8 bn in assets under management.

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Izaskun Artucha Corta

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E-mail: ir@abengoa.com

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