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SBAGY Strabag SE BR (PK)

32.3942
0.00 (0.00%)
29 Jul 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Strabag SE BR (PK) USOTC:SBAGY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 32.3942 7.87 8.97 0.00 14:09:12

Strabag Receives $490 Million Contract At Chile Power Plant

09/11/2012 9:43am

Dow Jones News


Strabag SE BR (PK) (USOTC:SBAGY)
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Austrian construction company Strabag SE (STR.VI) Friday said it received a contract to design and build the majority of a tunneling and civil works at a power plant in Chile, southeast of Santiago.

MAIN FACTS:

-The contract is worth around $490 million and involves work on the Alto Maipo Hydroelectrical Power Plant.

-The client is a subsidiary of Chile based AES Gener (AESGENER.SN), which is owned by the AES Corporation (AES) in the U.S..

-The works include the detail design engineering and construction of underground and civil works of the two hydroelectric plants Alfalfal II and Las Lajas.

-The design and construction period starts in Nov 2012 and will last for about four and a half years.

-The hydroelectric complex will have a total capacity of around 531 megawatt.

-Write to the Frankfurt Bureau at djnews.frankfurt@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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