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| Astaldi to take stake in Chile's Chacayes power plant Italian builder Astaldi has signed the agreement to enter with a 27.3% share into the project finance Pacific Hydro Chacayes S.A., the SPV in charge of developing, constructing and operating the Chacayes power plant, in the valley of Cachapoal river, in Chile. Astaldi had already been awarded with the EPC contract of a value of US$ 282 million (95% as Astaldi's share) for the construction of the relating power plant. The plant will have an output capacity of 111 MW and will entail the construction of two intakes, 6 km of tunnels, 7 km of canals and a powerhouse consisting of two 55.4 MW turbines. The planned annual energy production stands at 557 GWH. The preliminary works, as scheduled, have already started in second half of 2008. The project is expected to be completed in 2011. write your comments about the article :: © 2009 Construction News :: home page |