Isolux Corsán Wins its First Large Electricity Generation Contract in Asia

MADRID, June 20, 2011 /PRNewswire/ --

• It will build a 180-MW generation plant in Khulna, the third biggest industrial city in Bangladesh, for €110.3m
  
• The group has broad-ranging experience in generation projects, with aggregate electricity output of over 3,000 MW
  

Isolux Corsán wins its first large electricity generation contract in Asia, for the construction of an open-cycle electrical power plant with 180 MW installed capacity in Khulna, the third biggest industrial city in Bangladesh, 150 km from the capital, Dacca. The project was awarded by Bangladesh's public-sector electrical utility, North-West Power Generation Company Ltd. It will be implemented in 22 months. The contract is worth €110.3m (US$ 160m).

The initiative forms part of the Bangladesh power system master plan that aims to electrify the entire country by 2020. It was set in motion by the government of HasinaWajed, Bangladesh's current prime minister and daughter of its first president and founder. Bangladesh has the seventh largest population in the world, with 168m inhabitants. It also has one of the highest population densities, which means intensive demand for energy.

The new power plant that Isolux Corsán will build in Khulna will produce enough electricity to supply a population of 5m inhabitants. The facilities will be built with state-of-the-art technology. The group will also carry out the works to connect the plant to the electrical grid and the gas and diesel pipelines in the area.

Isolux Corsán has a long track record of construction and commissioning of electrical power plants using a range of generation technologies: open cycle, combined cycle, cogeneration, coal-fired, wind-driven, photovoltaic, biomass and hydro. It has implemented projects in various countries in Europe, Latin America, Africa and Asia, with an aggregate capacity of over 3,000 MV. IsoluxCorsán has thus become a major international player in the construction of turn-key photovoltaic projects, with over 270 MWp installed capacity. These include the PV plant in Rovigo (Italy), considered the largest in Europe.

The group is currently working in Argentina on two power plants for Enarsa (whose combined capacity is 846 MW) and a coal-fired plant on the Turbioriver, using fluidized bed combustion (FBC), one of the least contaminating technologies.It has also initiated work on the construction of an industrial complex in Meta (Colombia), which includes a bioethanol plant, with processing capacity for 2,100,000 tonnes of cane per year, and a 50-MW cogeneration electrical plant fuelled by cane residues.

The company has also recently implemented an open-cycle floating power plant with two 100-MW gas turbines for the Angolan government, to supply the capital, Luanda. As well as finalising the construction of the dual-fuel gas-fired plant in Futila, with a capacity of 80 MW, it also has several other projects underway.

Position in Asia

The construction of the Khulna plant is the first project that Isolux Corsán will roll out in Bangladesh. The group is thus consolidating its operation in Asia, where it has stable operations in countries such as Saudi Arabia, Jordan, Kuwait, Oman, Qatar, Syria and India. In India, it has 710 km of toll roads under concession, and is also constructing and commissioning several power transmission lines in Uttar-Pradesh and the state of Maharashtra.

About Isolux Corsán

Isolux Corsán is a major global company in construction, power, concessions and industrial services. It operates in over 30 countries on 4 continents and is the largest unlisted Spanish group in the construction and public-works sector. Its core growth businesses are power transmission, toll road and car park concessions, plus the construction of large infrastructure. Isolux Corsán has3,812 km of power lines in Brazil and the USA. It owns 1,700 km of toll roads in Brazil, India, Mexico and Spain, and has over 21,600 parking spaces under concession. The group has long-standing experience in construction and maintenance of large infrastructure:  toll roads, railways, civil engineering works, hydraulic and maritime engineering works and residential and non-residential building. In the power industry, Isolux Corsán is one of the largest construction companies world-wide for EPC (engineering, procurement & construction) projects in the photovoltaic sector, with over 267 MW under operation in 2010. It is a key player amongst the largest companies involved in building EPC power plants, with 1,500 MW under construction. It is also involved in industrial processes, with turnkey projects in the oil & gas industry and biofuel plants. In 2010, the company reported over €3.24 bn in revenues, an EBITDA of €311m and a backlog of €30.18 billion.

ISOLUXCORSÁN
Communication Manager: Isabel Saracho (+34-91-449-30-21) |[email protected]
Press office   Macarena Ramírez (+34-91-449-32-93) | [email protected]

SOURCE Isolux Corsan