WASHINGTON, June 19, 2014 /PRNewswire/ -- Abengoa (MCE:
ABG.B/P SM /NASDAQ: ABGB), an international company that applies
innovative technology solutions for sustainability in the energy
and environmental sectors, has proposed a solution deemed by the
San Antonio Water System (SAWS) as the only responsive proposal for
a new water supply project for the city of San Antonio, TX.
The Vista Ridge Consortium, led by Abengoa, has secured rights
to 50,000 acre-feet of water per year in Burleson County, northeast of Austin. The Consortium has proposed to design,
construct, and finance a well-field, the required pumping stations,
a water treatment plant and a 140-mile pipeline to the city of
San Antonio to deliver the new
water supply.
The project would provide San
Antonio with an additional 20 percent of its annual demand.
This new water supply would help the city of San Antonio, which has a population of 1.4
million and an annual growth rate of 1.8 percent.
Abengoa has been responsive to SAWS' concerns and has agreed to
assume complete delivery risk, including all components of
regulatory, technical, and financial risk at a fixed price for the
30-year duration of this project. "The major hurdles and objections
to the original proposal from Vista Ridge are being overcome, and
we can now take the next step towards securing the largest
non-Edwards supply in our city's history," said Robert R. Puente, SAWS President and CEO, in a
SAWS press release.
Manuel Sanchez, CEO of Abengoa
commented: "Abengoa welcomes the opportunity to partner with SAWS
in this historic opportunity that would help San Antonio's long-term water supply and
ensure the city's economic vitality."
About Abengoa
Abengoa (MCE: ABG.B/P SM /NASDAQ: ABGB) applies innovative
technology solutions for sustainability in the energy and
environment sectors, generating electricity from renewable
resources, converting biomass into biofuels and producing drinking
water from sea water. (www.abengoa.com)
Communication
Department:
Patricia Malo de Molina
Melendez.
Tel: +34 954 93 71
11
E-mail:
communication@abengoa.com
|
Investor
relations
Barbara Zubiria
Furest.
Tel: +34 954 937
111
E-mail:
ir@abengoa.com
|
You can also follow us on:
Twitter: @abengoa
LinkedIn: Abengoa
And on our blog: http://blog.abengoa.es
SOURCE Abengoa