The Argentine company Ingener Arg has selected Abengoa for the construction of a 132 kV transmission line, for a wind farm that is being built in the province of Neuquén, in the west of the country. Abengoa will be responsible for the provision of resources, materials and equipment necessary for the construction of the high voltage interconnection line in simple tern, the sectioning of an existing high voltage line and laying a fiber optic cable by means of an ADSS cable.
Abengoa has been present in Argentina for 50 years, where it has developed large-scale projects in all the sectors in which it operates, mainly in the area of energy transmission and distribution. Specifically in the framework of one of these projects, half a year ago, the company was also selected, in this case by the company AESA, to carry out the expansion works of the Villa María thermal power plant´s 132 kV electric substation, owned by the power generation company MSU Energy, located in the province of Córdoba (Argentina), in the country´s central region.
In the project for the expansion of the Villa María thermal power plant´s electricity substation, Abengoa will be responsible for the provision of labor, partial materials and equipment required, with the construction of a manoeuvres area, including civil works , assembly of equipment, connection and assistance for commissioning and operation of the electrical substation expansion.
Abengoa´s Feasibility Plan
Abengoa has recently published its Viability Plan for the next ten years, which is included in the restructuring agreement agreed by the group at the end of 2018. Abengoa´s document foresees a turnover of 1,488 million euros at the end of this year, thus almost repeating the result of 2017, whose benefit was conditioned by the financial restructuring undertaken that year. In addition, it expects a progressive growth of revenues in the coming years to reach 4,202 million euros in 2028, which would almost triple this year´s figure.
According to the Feasibility Plan submitted to the National Securities Market Commission (CNMV), the company specializing in infrastructure and renewables will close the year 2019 with an Ebitda of 164 million euros, while in 2028 it will be at 295 million euros, something less than double. In any case, Abengoa subordinates the fulfillment of its plan to its estimate that it will have a “reasonable” and supported revenue growth, not only due to the change in the energy mix towards a model with greater weight of renewables, but also due to the “huge opportunities” in the water segment.
