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Abengoa SA Selected For New Project In USA For USD 364 Million-DJ

Tuesday, 4 Jun 2013 02:16am EDT 

Dow Jones reported that Abengoa SA has been selected by a United States-based 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 SA 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 SA 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 United States. 

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-0.102 -4.32%
19 Dec 2014