Ferrovial Agroman, Ferrovial’s construction subsidiary, has been chosen by electric utility Endesa to undertake the civil engineering work for the Los Cóndores hydroelectric plant in Chile in a contract worth $250 million – around £170 million.
Ferrovial’s construction subsidiary, Ferrovial Agroman, will undertake the civil engineering work for Endesa’s Los Cóndores hydroelectric plant. The plant, located in the Maule region, 360 kilometres south of Santiago, will have an installed capacity of 150 MW.
The project includes the construction of a 12-km intake tunnel, a machinery hall 40 metres high, and a shielded penstock with a 470-metre head. Ferrovial will also execute the underground excavation work and build the access tunnel to the machinery hall. The execution period for the project, which will begin in 2014, is four years.
The new contract further strengthens Ferrovial’s position in Chile, where it has been operating since 1990 - including building the Santa Juana dam.
The firm’s Social Infrastructure program has been selected as a finalist in the Business in the Community Corporate Responsibility Awards in the UK, in this year’s “Unilever International Award” category.
The jury for the awards, which are the most influential and reputed in the UK in the area of Corporate Responsibility, highlighted the programme’s global nature and sound focus in terms of local investment in infrastructure.
Ferrovial’s Social Infrastructure programme seeks to palliate imbalances or lack of water and sewage infrastructure in vulnerable communities in rural and urban areas of Latin America and Africa. The company provides not only funding but also technical and technological assistance and expertise in infrastructure development.
To date, the company has developed water and sewage infrastructure in Ethiopia, Colombia, Peru, Tanzania and Haiti, benefiting more than 153,000 people.