Abengoa and Daelim Sign a Memorandum of Understanding for the Development of Water Projects
December 23 2014 - 7:22AM
- It lays the foundation for the development of large water
projects for 2015
Abengoa (MCE:ABG.B/P SM) (Nasdaq:ABGB), the international company
that applies innovative technology solutions for sustainability in
the energy and environment sectors has signed a MoU (Memorandum of
Understanding) in Seoul, last December 3rd, with the South Korean
company Daelim Industrial Co. Ltd to develop large water projects
all over the world.
This strategic alliance allows the two international companies
to combine their respective strengths in different products and
markets, creating synergies that confer competitive advantage to
undertake future projects in several areas, especially in
hydropower, construction of dams and tunneling and water treatment
plants.
This MoU represents an international recognition of the wide
experience and knowledge in the energy and water sector of
Abengoa.
Daelim Industrial Co., Ltd is a Korean company which has two
main business units; E&C business and petrochemical business.
As the leading general EPC contractor, Daelim Industrial Co. Ltd
has continuously completed successfully numerous projects in the
fields of civil works, building & housing, as well as plants in
over 30 countries. Specifically, Daelim has worldwide experience in
technology and construction of dams, hydropower and water
management projects. Daelim has successfully completed the longest
hydraulic tunnel in domestic market and has been also developing
several hydro IPP projects in Asia which expect to achieve
financial closes next year.
Abengoa is an international reference company in design,
engineering and construction of hydraulic infrastructures, such as
the development of a unique project consisting of the water supply
project in USA which will supply 170,000 m3/day to San Antonio
city, Texas. In Mexico, Abengoa is also executing one of the
biggest water projects in the world, "el Acueducto de Zapotillo"
which will supply drinkable water to 1.45 million population in
Altos de Jalisco y León, Guanajuato, in an efficient and
sustainable way.
About Daelim
Daelim's E&C group provides a comprehensive array of
services including feasibility studies, project management,
engineering, procurement, construction, commissioning &
start-up, operation & maintenance, and project financing. The
fields covered by Daelim include gas, petroleum refining, chemical
& petrochemical, power & energy plants, building &
housing, civil works as well as a range of industrial
facilities.
Daelim's petrochemical group, as a driving force within the
Korean petrochemical industry, continues to provide a complete
range of products from basic petrochemicals to highly functional,
value-added products. (https://www.daelim.co.kr/eng/main.do)
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)
CONTACT: 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 93 71 11
E-mail: ir@abengoa.com