Abengoa Awarded a Significant Power Transmission Line Contract in Canada

  • Approximately 400 km of overhead power transmission lines to be constructed in the provinces of Newfoundland and Labrador and Nova Scotia.
  • The project will increase the transmission capacity of renewable and reliable energy between Newfoundland and Labrador and Nova Scotia.

WASHINGTON, March 12, 2015 (GLOBE NEWSWIRE) -- Abengoa (MCE: ABG.B/P SM) (Nasdaq:ABGB), the international company that applies innovative technology solutions for sustainable development in the energy and environment sectors, has been selected by NSP Maritime Link Inc, a subsidiary of Emera Inc. (TSE:EMA), to build just over 400 km of overhead power transmission lines. The contract is valued at approximately US $155 million.

This work includes the development of several overhead transmission lines. On the island of Newfoundland, Abengoa will develop approximately 160 km of 230 kV AC transmission line from the Granite Canal Substation to the Bottom Brook Substation; 142 km of 200 kV HVDC from Bottom Brook to Cape Ray and 23 km of 5 kV grounding line from Bottom Brook Converter Station to Indian Head. In Nova Scotia, the company will build 46 km of 200 kV HVDC transmission line from Point Aconi to the Woodbine Substation and 41 km of 5 kV grounding line from the Woodbine Converter Station to Big Lorraine.

The Maritime Link Project is part of the plan to transmit clean renewable and reliable energy from Newfoundland and Labrador to Nova Scotia, improving the environment and reducing dependence on fossil fuels in Atlantic Canada. This project will connect the island of Newfoundland, through a 170 km subsea cable, with Nova Scotia and the North American electricity system for the first time in history.

Abengoa will ensure the highest levels of safety and quality in every process. An average of 200 jobs will be created over the construction period. The project is expected to take approximately two years to complete.

This new project will further enhance Abengoa's experience in power transmission, consolidating its leadership position in this sector around the world and its commitment to the Canadian market. The company has constructed more than 25,000 km of transmission lines and 280 electrical substations in the last 10 years, helping to develop power transport infrastructures.

Link to schematic Map of the NSP Maritime Link Project: http://www.emeranl.com/site/media/emeranl/Documents/Regional%20Energy%20Development170.pdf

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. (www.abengoa.com)

CONTACT: Communication Department Patricia Malo de Molina Melendez. Tel. +34 954 93 71 11 E-mail: comunication@abengoa.com Investor relations Ignacio Garcia Alvear. Tel. +34 954 937 111 E-mail: ir@abengoa.comSource:Abengoa