[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]
dam-l LS: Endesa Awards US$80mn Ralco Contracts
***
Date: July 16. 1999
Subject: Endesa Awards US$80mn Ralco Contracts
Source: Gestion (Peru), El Diario (Chile), BNA
***
Endesa Awards US$80mn Ralco Contracts
Chilean generator Endesa (NYSE: EOC) has awarded an US$80mn civil works
contract to a consortium of Spain's Nesco and Peru's Grana y Montero for
the development of its US$500mn 570MW Ralco hydroelectric project on the
Bio Bio river in Chile's southern Region VIII.
Nesco and Grana y Montero will work together in the Consorcio Araucaria
Ltd consortium.
Operations at the plant are scheduled to begin in 2002, and would provide
10% of power consumed by the central interconnected grid (SIC).
Although Endesa has already started construction of the project, it does
not have all the necessary legal permits in place and a number of
indigenous people have invoked their legal rights to remain on the land
that Endesa plans to flood for the reservoir.
France's Alsthom won a US$58mn contract in March to supply generation
equipment to the project.
***
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Monti Aguirre
Latin American Campaigns
International Rivers Network
1847 Berkeley Way
Berkeley, CA. 94703 USA
Phone: 510 . 848.11.55 and 707 . 591 .91.49
Fax: 510 . 848.10.08
e-mail: monti @irn.org
<color><param>ffff,0000,ffff</param>http://www.irn.org</color>