abengoa sa (ABG) Snapshot

Abengoa has been selected by U.S. power company, Portland General Electric (PGE) to develop a 440-megawatt (MW) combined cycle power plant to supply electrical energy to half the population of Portland, Oregon. The project is valued at USD 364 million. Abengoa will be responsible for the engineering, design and construction of the combined cycle power plant under the engineering, procurement and construction (EPC) "turnkey" system. The estimated time for the project is 36 months. Abengoa will not maintain any ownership interest in the assets it constructs. The combined cycle plant will be capable of producing electricity from natural gas, an energy resource that exists locally in the U.S., offering an efficient response to the needs of nearby towns and increasing the country's energy independence. For this project, Abengoa has subcontracted Mitsubishi Power Systems Americas to supply the power block equipment which involves the gas turbine, the steam turbine and the heat recovery steam generator.

Abengoa has been chosen by the Kenya Electricity Transmission Company (Ketraco) of the Kenyan Ministry of Energy for an electricity transmission project that includes construction of a 132 kilometer line and extension of an existing substation in Kenya, in a contract worth approximately EUR 32 million. The project, which is being financed by the African Development Bank, is part of the plan called "Interconnection of Electric Grids of Nile Equatorial Lakes Countries," which is being developed in Africa and involves the construction of approximately 769 kilometers of transmission lines in Kenya, Uganda, Rwanda, the Democratic Republic of the Congo (DRC) and Burundi. Abengoa will not retain any interest in the constructed assets.

Abengoa SA has been chosen by Imperial Irrigation District (IID) for a power transmission project that includes the upgrade of a 230kV transmission line, as well as substations in the state of California. The Path 42 project is part of a plan to extend the power network being developed by Imperial Irrigation District, the sixth electrical utility in California, in order to increase the capacity of the network and enable access to new sources of renewable energy in California. The contract involves the reconductoring of a total of 32 kilometers of a 230 kV transmission line, as well as the upgrade of existing substations, under a turnkey format (EPC). Abengoa will be responsible for the engineering, construction and commissioning, ensuring the levels of quality in every process. The project is expected to take 12 months to complete and will be delivered to Imperial Irrigation District in April 2014. Abengoa will not retain any interest in the constructed assets. This project will enable part of the region's energy to be supplied in an efficient and sustainable way. This new contract will extend Abengoa's experience with transmission lines and will further consolidate its commitment to the U.S. market where it is already present in 12 states.