HOCHTIEF to build further hydropower project in South America for EUR 215 million
HOCHTIEF share roughly EUR 150 million / Construction period until 2017 / Further contract in energy infrastructure segment
HOCHTIEF Solutions will start the works for the new power plant in Chile in 2013. The project encompasses two complex construction lots in the Andes, approximately 30 kilometers southeast of Santiago at a height of roughly 2,500 meters. The main elements are the intake structures, a total of 18.5 kilometers of tunneling and a five-kilometer-long steel pipeline. In addition, the consortium will take over execution planning. The construction works for the 531-megawatt power plant will be completed in 2017.
Ullrich Reinke, member of the Executive Board of HOCHTIEF Solutions: "With our know-how and our experienced co-workers in tunneling and power plant construction, we make a major contribution to sustainable energy supplies in high-growth markets."
HOCHTIEF is one of the leading international providers of construction-related services. With more than 80,000 employees and a sales volume of EUR 23.28 billion in FY 2011, the company is represented in all the world's major markets. With its core competencies in development, building and operation, the Group delivers services for the entire life cycle of infrastructure projects, real estate and facilities. The focus of the related business activities is on four strategic areas: energy infrastructure, transportation infrastructure, major cities, and resources. With its subsidiary Leighton (HOCHTIEF share around 54 percent), the Group is market leader in Australia. In the USA, the biggest construction market in the world, HOCHTIEF is the No. 1 general builder via its subsidiary Turner and, with Group company Flatiron, ranks among the most important players in the field of transportation infrastructure construction. Because of its engagement for sustainability, HOCHTIEF has been listed in the Dow Jones Sustainability Indexes since 2006. Further information is available at www.hochtief.com/press.
HOCHTIEF Solutions AG
HOCHTIEF Solutions consolidates the core business of the HOCHTIEF Group in Europe and in selected regions worldwide. The company plans, develops, builds, operates and manages real estate and infrastructure facilities. HOCHTIEF Solutions is the management company of the Group's Europe division which employed around 15,000 people around the globe in fiscal 2011. In many regions and segments, the company is a market and innovation leader. Further information is available at www.hochtief-solutions.com.
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