HomeWorld RegionsLatin AmericaLatin America, a key growth market for Abengoa

Latin America, a key growth market for Abengoa

Spain’s Abengoa has received a boost from the robust engineering and construction (E&C) backlog in the Latin American region, according to its recently released first half year earnings.

Abengoa’s Latin American E&C backlog reached EUR2.13bn ($2.62bn), or 30 per cent of the group’s total backlog of EUR7.09bn, at the end of the first six months of this year, reports BN Americas.

Among bengoa’s main power projects under development in the region are four transmission line projects in Brazil: Manaus (586 km, 4Q12), ATE VIII (108 km, 4Q12), Linha Verde (987 km, 1Q13) and Norte Brasil (2375 km, 1Q13) reports BN Americas.

Latin America accounted for 50 per cent of Abengoa’s E&C revenue in the first half of 2012, representing EUR1.97bn

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