abengoa sa-unspon adr (ABGOY) Key Developments
Abengoa Sa Announces Executive Appointments
Mar 17 15
The board of directors of Abengoa SA resolved to appoint Mr. Antonio Fornieles Melero as chairman of the audit committee and to appoint Prof. Ms. Mercedes Gracia Diez as chairman of the appointments and remunerations committee.
Abengoa Secures $660 Million Project Financing for Solar Plant Project in South Africa
Mar 13 15
Abengoa, S. A has secured $660 million in non-recourse project financing agreements from several banks for the Xina Solar One project in Northern Cape, South Africa. The loan proceeds will be used for the construction of the 100-megawatt solar thermal electricity power plant. The total investment in the project is expected to be approximately $880 million. The Xina Solar One project belongs to a consortium in which Abengoa controls a 40% interest.
Abengoa Wins Significant Power Transmission Line Contract in Canada
Mar 12 15
Abengoa has been selected by NSP Maritime Link Inc. to build just over 400 km of overhead power transmission lines. The contract is valued at approximately USD 155 million. This work includes the development of several overhead transmission lines. On the island of Newfoundland, Abengoa will develop approximately 160 km of 230 kV AC transmission line from the Granite Canal Substation to the Bottom Brook Substation; 142 km of 200 kV HVDC from Bottom Brook to Cape Ray and 23 km of 5 kV grounding line from Bottom Brook Converter Station to Indian Head. In Nova Scotia, the company will build 46 km of 200 kV HVDC transmission line from Point Aconi to the Woodbine Substation and 41 km of 5 kV grounding line from the Woodbine Converter Station to Big Lorraine. The Maritime Link Project is part of the plan to transmit clean renewable and reliable energy from Newfoundland and Labrador to Nova Scotia, improving the environment and reducing dependence on fossil fuels in Atlantic Canada. This project will connect the island of Newfoundland, through a 170 km subsea cable, with Nova Scotia and the North American electricity system for the first time in history. Abengoa will ensure the high levels of safety and quality in every process. An average of 200 jobs will be created over the construction period. The project is expected to take approximately two years to complete. This new project will further enhance Abengoa's experience in power transmission, consolidating its leadership position in this sector around the world and its commitment to the Canadian market. The company has constructed more than 25,000 km of transmission lines and 280 electrical substations in the last 10 years, helping to develop power transport infrastructures.
Abengoa Begins Construction of the Desalination Plant in Agadir, Morocco
Mar 9 15
Abengoa has recently begun construction of the desalination plant in Agadir, Morocco, having closed the financing for the project together with its local partner InfraMaroc (CDG Capital Infrastructures group). Once commissioned, the Abengoa plant located 45 km from the city of Agadir will supply 100,000 m3/day of drinking water to more than 500,000 people in the region. It will also ensure the drinking water supply and water security in the zone, further contributing to the development of the tourism and agricultural industries that are the main economic drivers of this region. The plant will use the most modern ultrafiltration pre-treatment systems and reverse osmosis technology to desalinate sea water. Furthermore, the plant's capacity may be increased in the future by an additional 100,000 m3day of drinking water. The Agadir desalination project is part of Abengoa's strategic plan to solve water supply problems in those parts of the world most affected by water shortages. Moreover, it will be the large capacity desalination plant in the region. A total of €82 million in financing has been arranged with a consortium of local banks led by Banque Marocaine du Commerce Extérieur (BMCE), ensuring a high degree of integration and participation with the local business and financial sector. Furthermore, this is the first project that the National Power and Drinking Water Office (ONEE) has developed under a public-private partnership (PPP) system, putting Abengoa at the forefront of this model in Morocco.
Abengoa SA Presents at 9th Annual Latin American Energy & Infrastructure Finance Forum, Mar-10-2015 02:50 PM
Mar 5 15
Abengoa SA Presents at 9th Annual Latin American Energy & Infrastructure Finance Forum, Mar-10-2015 02:50 PM. Venue: Eden Roc Miami, Miami, Florida, United States. Speakers: Fernando Artaza Bilbao, International Finance Director.