Hochtief secures €215m contract to construct 531MW hydropower plant in Chile
Germany-based Hochtief in collaboration with its partner has secured a contract worth €215m for the construction of the 531MW Alto Maipo hydropower plant in Chile.
The project is owned by AES Gener and encompasses two complex construction lots in the Andes, approximately 30 kilometers southeast of Santiago at a height of roughly 2,500m.
Alto Maipo hydropower plant will feature intake structures such as 18.5 kilometers of tunneling and a five-kilometer-long steel pipeline.
Commenting on the contract Hochtief executive board member Ullrich Reinke highlighted the company's expertise in tunneling and construction sphere.
"With our know-how and our experienced co-workers in tunneling and power plant construction, we make a major contribution to sustainable energy supplies in high-growth markets," said Reinke
Hochtief is expected to commence construction work in 2013 with completion set for 2017.