Abengoa ‘s fall affects projects in Brazil and Chile

Spain’s Abengoa is at risk of entering bankruptcy and this has had an impact on its businesses in Chile and Brazil.

In Brazil, the firm’s subsidiary Abengoa Bioenergy operates three cogeneration plants fueled by sugar cane bagasse in the state of Sao Paulo. For at least the last five months one of the plants has not paid the sugar cane suppliers in the region.

In Chile, Abengoa is present with different lines of business, including the integration of the technology to run electrical systems, communication and transportation in new metropolitan railway routes.

These and other projects may suffer depending on the future of the company.

No posts to display