Spain’s Abengoa said Tuesday it won the rights to develop a new electricity transmission project in central Argentina that will supply power to a new steel mill.
The $34 million project will be built in areas near Perez, a city in Santa Fe province, and is to be completed in 12 months, Seville-based Abengoa said.
Abengoa, which will not own the assets once the project is completed, will oversee the construction and testing of the six kilometers (3.7 miles) of 220 kV power lines, the expansion of the Rosario Oeste transformer station and the construction of a new 220 kV transformer station.
This is the third power transmission project that Abengoa will carry out in Argentina in the fourth quarter of 2014.
The company has now built more than 5,000 kilometers (3,106 miles) of power lines and 40 substations in the South American country.
Abengoa has operations in the energy, telecommunications, transportation and environmental sectors.
Date: December 16, 2014