Isolux Corsan Awarded a Contract for the Construction of an Ethanol Plant in Colombia

MADRID, July 28, 2010 /PRNewswire/ -- Isolux Corsan has signed a contract with the Colombian company Bioenergy, 85% held by local oil company Ecopetrol SA, for the construction of an industrial complex under a turnkey contract, including a plant for the production of bioethanol from sugar cane, with a processing capacity of 2,100,000 tons of cane per year, a 40 MW co-generation plant using bagasse or sugar cane waste and other facilities for the milling, distillation and production of vinasse using the same raw material.

The industrial complex will be built in the Meta Department of Colombia, between the towns of Puerto Lopez and Puerto Gaitan, an area traditionally occupied by cattle ranches which is now converting to agricultural use, including sugar cane.

The contract has a total price tag of $140 million and project will begin immediately with the engineering work.

Isolux Corsan was awarded the contract in a tender process and was selected from among the three participating companies. Nine firms were initially invited. This award in Colombia is the first biofuel project executed by Isolux Corsan outside Europe.

Isolux Corsan has extensive experience in the design, construction, commissioning and maintenance of biofuel plants. Among others, the company has executed biodiesel plant projects for are carried for Infinita Renovables in Ferrol (A Coruna), with a production capacity of 300,000 Tn, and in Castellon, with a capacity of 600,000 Tn.

Similarly, Isolux Corsan built a biofuel plant for Iniciativas Bioenergeticas in Calahorra (La Rioja), with a production capacity of 250,000 Tn., and for the Koipe vegetable oil factory in Andujar (Jaen), with a capacity of 200,000 Tn.

About Isolux Corsan

Isolux Corsan is a leading global benchmark in the construction, concessions, energy and industrial services sectors. We operate in 25 countries on four continents, have a workforce of close to 7,900 employees and are the leading unlisted Spanish construction and public works group. Power transmission concessions (with 9,285 kilometres of power lines), highways (with more than 1,500 kilometres) and parking (with about 20,000 spaces), as well as the construction of environmental infrastructure, represent our main growth areas. The company, led by Luis Delso, posted higher revenues in 2009, reaching 3,019 million euro, with gross operating revenues of 255 million euro, and closed the year with total backlog of 25,839 million euro.

About Bioenergy

Bioenergy is a member of the Ecopetrol Group and is engaged in the development of biofuels. Bioenergy is the first Colombian company committed to an exclusive project for the production of ethanol fuel from sugarcane in the Llanos Orientales region of Colombia. The company is a pioneer in industrial sugarcane in eastern Colombia and will have the highest installed capacity for ethanol production in this part of the country. The blending of ethanol with gasoline improves the quality of the fuel, reduces emissions and helps to develop the agricultural sector.

Contact:

Isolux Corsan: +34-91-449-30-21 ([email protected])

SOURCE Grupo Isolux Corsan