Abengoa wins contract for its largest transmission line in the United States

A total investment of approximately 300 million dollars has been initially estimated.

The California ISO has selected the consortium formed by Abengoa and Starwood Energy to finance, build, operate and maintain the 500 kV transmission line, which will link Delaney and Rio Colorado in California and Arizona.

Abengoa, Company that applies innovative technological solutions for sustainable development in the energy and environment sectors, announced that an Abengoa project, in collaboration with Starwood Energy, has been selected by the California Independent System Operator (CAISO) as the accepted developer to finance, construct, own, operate and maintain the 500 kV transmission line, which will extend from Delaney to the Colorado River.

Abengoa will be in charge of the development, construction and maintenance of a transmission line of about 180 kilometers that will link the Delaney and Rio Colorado substations and reinforce the electrical interconnection between California and Arizona. CAISO has initially estimated a Your Strategic totaling approximately $300 million. Additionally, operating and maintenance revenues will represent several hundred million dollars over the life of the asset.

The project is expected to come into operation Commercial Operation in 2020 and that will bring significant economic benefits to California taxpayers. With this new award, Abengoa consolidates its position in the electricity transmission market in the United States, where, in recent years, Abengoa has built power lines for third parties.

"This new award will help us accelerate our Development in the US power transmission market, where we hope to continue to rely on our global experience to become a major player in the development, engineering, construction and maintenance of transmission assets"Santiago Seage, CEO of Abengoa, stated."

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