Hochtief (FWB: HOT) are to construct a 531 MW hydroelectric power plant in Chile.
The Germany-based construction services company and a collaborating partner will construct are to build the Alto Maipo hydropower plant near Santiago at a cost of $279m.
Energy Business Review reports that the project is under the ownership of the Chilean energy utility AES Gener and HOCHTIEF expects to begin construction of the plant in 2013 with completion set for 2017.
Hochtief executive board member Ullrich Reinke stated, “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.”
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