Isolux Corsán Wins its First Large Electricity Generation Contract in Asia

Madrid (ots/PRNewswire) -

- It will build a 180-MW generation plant in Khulna, the third
biggest industrial city in Bangladesh, for EUR110.3m

- The group has broad-ranging experience in generation
projects, with aggregate electricity output of over 3,000 MW

Isolux Corsán wins its first large electricity generation
contract in Asia, for the construction of an open-cycle electrical
power plant with 180 MW installed capacity in Khulna, the third
biggest industrial city in Bangladesh, 150 km from the capital,
Dacca. The project was awarded by Bangladesh's public-sector
electrical utility, North-West Power Generation Company Ltd. It will
be implemented in 22 months. The contract is worth EUR110.3m (US$
160m).

The initiative forms part of the Bangladesh power system master
plan that aims to electrify the entire country by 2020. It was set in
motion by the government of HasinaWajed, Bangladesh's current prime
minister and daughter of its first president and founder. Bangladesh
has the seventh largest population in the world, with 168m
inhabitants. It also has one of the highest population densities,
which means intensive demand for energy.

The new power plant that Isolux Corsán will build in Khulna will
produce enough electricity to supply a population of 5m inhabitants.
The facilities will be built with state-of-the-art technology. The
group will also carry out the works to connect the plant to the
electrical grid and the gas and diesel pipelines in the area.

Isolux Corsán has a long track record of construction and
commissioning of electrical power plants using a range of generation
technologies: open cycle, combined cycle, cogeneration, coal-fired,
wind-driven, photovoltaic, biomass and hydro. It has implemented
projects in various countries in Europe, Latin America, Africa and
Asia, with an aggregate capacity of over 3,000 MV. IsoluxCorsán has
thus become a major international player in the construction of
turn-key photovoltaic projects, with over 270 MWp installed capacity.
These include the PV plant in Rovigo (Italy), considered the largest
in Europe.

The group is currently working in Argentina on two power plants
for Enarsa (whose combined capacity is 846 MW) and a coal-fired plant
on the Turbioriver, using fluidized bed combustion (FBC), one of the
least contaminating technologies.It has also initiated work on the
construction of an industrial complex in Meta (Colombia), which
includes a bioethanol plant, with processing capacity for 2,100,000
tonnes of cane per year, and a 50-MW cogeneration electrical plant
fuelled by cane residues.

The company has also recently implemented an open-cycle floating
power plant with two 100-MW gas turbines for the Angolan government,
to supply the capital, Luanda. As well as finalising the construction
of the dual-fuel gas-fired plant in Futila, with a capacity of 80 MW,
it also has several other projects underway.

Position in Asia

The construction of the Khulna plant is the first project that
Isolux Corsán will roll out in Bangladesh. The group is thus
consolidating its operation in Asia, where it has stable operations
in countries such as Saudi Arabia, Jordan, Kuwait, Oman, Qatar, Syria
and India. In India, it has 710 km of toll roads under concession,
and is also constructing and commissioning several power transmission
lines in Uttar-Pradesh and the state of Maharashtra.

About Isolux Corsán

Isolux Corsán is a major global company in construction, power,
concessions and industrial services. It operates in over 30 countries
on 4 continents and is the largest unlisted Spanish group in the
construction and public-works sector. Its core growth businesses are
power transmission, toll road and car park concessions, plus the
construction of large infrastructure. Isolux Corsán has3,812 km of
power lines in Brazil and the USA. It owns 1,700 km of toll roads in
Brazil, India, Mexico and Spain, and has over 21,600 parking spaces
under concession. The group has long-standing experience in
construction and maintenance of large infrastructure: toll roads,
railways, civil engineering works, hydraulic and maritime engineering
works and residential and non-residential building. In the power
industry, Isolux Corsán is one of the largest construction companies
world-wide for EPC (engineering, procurement & construction) projects
in the photovoltaic sector, with over 267 MW under operation in 2010.
It is a key player amongst the largest companies involved in building
EPC power plants, with 1,500 MW under construction. It is also
involved in industrial processes, with turnkey projects in the oil &
gas industry and biofuel plants. In 2010, the company reported over
EUR3.24 bn in revenues, an EBITDA of EUR311m and a backlog of
EUR30.18 billion.

ISOLUXCORSÁN
Communication Manager: Isabel Saracho (+34-91-449-30-21)
|isaracho@isoluxcorsan.com [|isaracho@isoluxcorsan.com]
Press office Macarena Ramírez (+34-91-449-32-93) |
mramirez@isoluxcorsan.com

ots Originaltext: Isolux Corsan
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