Abengoa

Abengoa closes the financing of the first PPP project in Uruguay

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Source: Abengoa

  • Abengoa will be responsible for constructing, maintaining and operating a 50,000 m2 prison complex in the city of Montevideo.
  • To finance this project, Abengoa has closed a non-recourse bond issue of $90 M in the local capital market.

Abengoa (MCE: ABG.B/P SM /NASDAQ: ABGB), the international company that applies innovative technology solutions for sustainability in the energy and environment sectors, has closed the financing for the first public private partnership (PPP) project in Uruguay. The project consists of constructing, maintaining and operating a 50,000 m2 infrastructure in the city of Montevideo.

The project has been financed by issuing approximately US$90 million of project bonds in the Uruguayan capital markets.

Abengoa has been present in Uruguay since 1980, where it already has extensive experience in carrying out projects in the private sector and for the government and public administrations. Abengoa’s most important projects in the country include the extension and remodeling of the drinking water plant in Aguas Corrientes, the Montevideo to San Carlos transmission line and the Palmatir (Tacuarembó) and Cadonal (Flores) wind farms. This latest project and its corresponding financing will further consolidate Abengoa’s experience in developing these types of partnerships and the company will continue to invest and strengthen its leadership in the engineering and construction, energy and environment sectors in Uruguay.

About Abengoa

Abengoa (MCE: ABG.B/P SM /NASDAQ: ABGB) applies innovative technology solutions for sustainability in the energy and environment sectors, generating electricity from renewable resources, converting biomass into biofuels and producing drinking water from sea water.

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