Abengoa Snags Rights To $1.3B Brazilian Electrical Project

Law360, New York (May 13, 2013, 4:24 PM EDT) -- Spanish renewable energy company Abengoa SA has won a contract worth €1 billion ($1.3 billion) to build a new electricity transmission project in Brazil, securing the company's foothold in Latin America's electrical infrastructure market, according to a Monday statement.

After picking up three concession lots in a Friday federal agency auction, affiliate Abengoa Concessões Brasil Holding SA plans to build 2,079 kilometers (1,291.2 miles) of new transmission lines across several Brazilian states, it said.

“This latest project will further develop Abengoa's experience with transmission lines, consolidating...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.