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| Hochtief builds hydroelectric power station in the Andes Hochtief subsidiaries and their participating interests have won new contracts worth a combined total of approximately EUR 446 million in South America and Australia. Hochtief Construction will build the Cheves hydroelectric power station in Peru for roughly EUR 110 million together with a partner. Hochtief's share runs up to almost EUR 70 million. The facility is to cover the peak electricity requirement in the Lima region from the end of 2013. In addition, Hochtief subsidiary Leighton has recently been awarded infrastructure contracts in South Australia: Thiess together with a joint venture shall expand a rail link for nearly EUR 210 million (AUD 291 million). The share of the Leighton company is not known. write your comments about the article :: © 2010 Construction News :: home page |