Isolux Infrastructure Wins a Further 247 km of Power Lines in Brazil

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Sep 05, 2011, 05:00 ET

MADRID, Spain, September 5, 2011 /PRNewswire/ --

Isolux Infrastructure is the multinational company, recently created to hold and operate the concessions business of the Isolux Corsán Group in toll roads, power-transmission lines and photovoltaic solar-energy generation. Today it was awarded a further 247 kilometres of transmission lines at an auction held by the Brazilian National Energy Authority (ANEEL) at the headquarters of the BM&FBovespa stock exchange, in São Paulo.

Twelve packages of transmission lines and substationswere tendered, with Isolux Infrastructure winning the one for power transmission lines from Taubaté to Nova Iguaçu (straddling the states of Rio de Janeiro and São Paulo) and the substations in Nova Iguaçu, in the state of Rio de Janeiro. This new power transmission line and the substations will form part of the Cachoeira Paulista grid, which is already operated by the company.

With a total capex of close to € 129 m (R$ 300m), the new line has a maximum of 26 months to come into operation. It is expected to produce annual revenues of € 11,99m (R$ 27.9m)The concession agreement is for 30 years, with prospects to generate 1,900 direct jobs.

With this latest contract, Isolux Infrastructure now has 5,447 kilometres of transmission lines, consolidating its position as one of the major players in the power transmission business world-wide. It also revalidates its focus on the Brazilian market.

About Isolux Infrastructure

Isolux Infrastructure is the Isolux Corsán subsidiary managing and operating the Group's concessions business. Its assets include infrastructure concessions in the road and energy sectors, with total capex of over €7.5 bn. In toll road concessions, it operates of nearly 1,600 kilometres of toll roads, located in India (710 km), Brazil (680 km), Mexico (155km) and Spain (64 km). In transmission lines, it is a major international player, with over 5,200 kilometres world-wide: 3,032 km in Brazil (in five projects), 1,600 km in India and 605 km in the USA. In solar PV power generation, it one of the largest operators, with 42 photovoltaic power plants online and an installed capacity of 168 MW, which generated 223 GWh of clean energy in 2010. It also has over 60 MW under construction in India and Peru, and an interesting pipeline in the United States, Chile and elsewhere. Isolux Infrastructure's geographical diversification enables it to operate efficiently in emerging economies (India, Brazil, Mexico and Peru) and in consolidated economies (USA, Italy, Spain). This combination between developing and mature markets endows the new company with enormous versatility, so that it can respond immediately to the latest market conditions.

About Isolux Corsán

Isolux Corsán is a benchmark in the engineering, construction and operation of large infrastructure projects under concession worldwide. It currently operates in 26 countries on four continents. It also has long-standing experience in the construction and maintenance of major infrastructure projects: toll roads; railways; air- and sea-ports; civil engineering; hydro-power plants, and residential and non-residential buildings. In the power industry, Isolux Corsán is one of the largest construction companies world-wide in engineering, procurement & construction (EPC) projects in photovoltaic generation, with over 267 MW under operation in 2010. It ranks high amongst the major companies building EPC power plants, with 1,500 MW currently under construction. It is also involved in industrial processes, with turnkey projects in the oil & gas and biofuel industries. In the concessions industry, apart from the concessions operated by Isolux Infrastructure, the Group constructs and operates over 21,000 car-parking spaces. In 2010, the company reported over €3.24 bn in revenue; an EBITDA of €311m and a backlog of €30.18 bn.

For further information: http://www.isoluxcorsan.com/

SOURCE Isolux Corsan