Mota Engil SGPS S A : Engil informs about contract for hydroelectric project in Colombia worth 270 million euros
February 17, 2020 at 09:12 am EST
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MOTA-ENGIL INFORMS ABOUT CONTRACT FOR HYDROELECTRIC PROJECT IN COLOMBIA WORTH € 270 MILLION
MOTA-ENGIL S.G.P.S., S.A. (MOTA-ENGIL) hereby informs about the signing, by its local subsidiary, of a construction contract in Colombia.
The contract with a global construction amount of around € 270 million, will have an estimated duration of 46 months and contemplates the construction of a power generation plant for Talasa ProjectCo SAS an SPV with a majority of chinese investors amongst which the China Communications Construction Company (CCCC) and the China Three Gorges Corporation (CTG).
We highlight also the recent signing of a contract for the construction in 540 days of a new 24km stretch of a road (Barranca Larga-Ventanilla) in Mexico, worth around € 45 million.
The award of these contracts is yet another relevant example of MOTA-ENGIL's commercial dynamics in Latin America, with this region continuing to enhance the GROUP's development.
Porto, February 17, 2020
THE REPRESENTATIVE FOR THE MARKET RELATIONS
LUÍS SILVA
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Mota-Engil SGPS SA published this content on 17 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 February 2020 14:11:06 UTC
Mota-Engil, SGPS, S.A. is a group organized around 6 sectors of activity:
- Engineering and Construction: Mota-Engil, SGPS, S.A. has developed construction projects in some fifty countries and is present on three continents (Europe, Africa and Latin America) where it has asserted its technical competence and reputation, excelling in the construction of various infrastructures such as roads, freeways, airports, ports, dams and railroads ;
- Industrial Engineering Services: the group has capitalized on its recognized presence and experience since 1998, with a proven ability to operate in numerous markets, reflected in medium-term contracts of between three and eight years;
- Environment: Mota-Engil, SGPS, S.A. began its activities in the environmental sector in Portugal in 1995, through the company SUMA in the urban waste management and collection segment, and added its skills to those of the company EGF, a leader in waste treatment and recovery. Internationally, Mota-Engil is increasingly developing its activities in this sector, in markets such as Angola, Mozambique, Cape Verde, Brazil, Oman and Côte d'Ivoire;
- Mota-Engil Capital: a business unit whose aim is to optimize value creation for the group through investment diversification, underpinned by integrated management of a range of assets and projects complementary to the Engineering, Construction and Environment segments.
- Mota-Engil Mext: unit responsible for differentiated areas such as Real Estate, Agroforestry Production and Energy. It also aims to strengthen investment in innovation and accelerate global transformation;
- Concessions: Mota-Engil, SGPS, S.A. operates, through Lineas and its subsidiaries, a network of some 2,500 km of roads and freeways, including the two bridges of the city of Lisbon. The business extends to international markets, mainly in Latin America.