Abengoa is awarded two new electricity transmission projects for the Brazilian Electricity Regulatory Agency

-- The project, worth approximately 381 million euro, will enable part of the country's energy demand to be supplied in an efficient and sustainable way.

-- Abengoa will be responsible for the engineering, construction, maintenance and operation of the project, which will cover a total of 377 km.

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Abengoa

May 12, 2014, 01:01 ET

WASHINGTON, May 12, 2014 /PRNewswire/ -- Abengoa (MCE: ABG.B/P SM /NASDAQ: ABGB), the company that applies innovative technology solutions for sustainability in the energy and environment sectors, has been selected by the Brazilian Electricity Regulatory Agency (ANEEL) for a new electricity transmission project in Brazil. The contract, which is worth approximately €381 million, will enable part of the country's energy demand to be supplied in an efficient and sustainable way.

Abengoa will be responsible for the engineering, design, construction, maintenance and commissioning of the two transmission lines, which will cover 377 kilometers (km), ensuring the highest levels of quality at every stage. Both lines are expected to come into operation in 2017.

The first concession relates to a 240 km transmission line from Oriximina–Juruti and Juruti–Parintins in the state of Para as well as construction of four substations in the municipalities of Oriximina, Juruti, Parintins and Jurupari. The second concession includes the 137 km Parauapebas–Integradora Sossego, Integradora Sossego–Xinguara II transmission line and three substations.

Abengoa has carried out other projects for the Brazilian Electricity Regulatory Agency in the past, most significantly Manaos and Norte Brasil, as well as seven projects won during 2013 that total more than 5,700 km of transmission lines and that are in different stages of development.

This latest project will further expand Abengoa's experience in transmission lines, consolidating its leadership position in this sector in Latin America, where it has more than 20,000 km of transmission projects of this type, and specifically in Brazil, where it has been involved in developing nearly 10,000 km of infrastructures for electricity distribution in the country.

About Abengoa

Abengoa (MCE: ABG.B/P SM /NASDAQ: ABGB) applies innovative technology solutions for sustainability in the energy and environment sectors, generating electricity from renewable resources, converting biomass into biofuels and producing drinking water from sea water. (www.abengoa.com)

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