Ferrovial's construction subsidiary, Ferrovial Agroman
, will undertake the civil engineering work for Endesa's Los Cóndores hydroelectric plant
, for 250 million dollars (182 million euro). The plant, located in the Maule region, 360 kilometres south of Santiago, will have an installed capacity of 150 MW.
The project includes the construction of a 12-km intake tunnel, a machinery hall 40 metres high, and a shielded penstock with a 470-metre head. Ferrovial will also execute the underground excavation work and build the access tunnel to the machinery hall
. The execution period for the project, which will begin in 2014, is four years.
This new contract strengthens Ferrovial's position in Chile, where it has been operating in the construction, toll road, airports and services businesses since 1990. Ferrovial Agroman built the Santa Juana dam, the headquarters building for Compañía Telefónica de Chile, and 8.21 km of line plus 13 stations in the Santiago de Chile metro system. It expanded Cerro Moreno airport in Antofagasta and managed it between 1999 and 2009, and operated five toll roads between 1996 and 2011 (through Cintra
). Last year, the company acquired Steel Ingeniería, which is specialised in mining services.