Isolux Corsán Signs Agreement With General Electric for the Acquisition of a Turbine for the Siddhirganj Project in Bangladesh

Madrid (ots/PRNewswire) -

- Isolux Corsan is executing a turnkey project for the
construction of a 335 MW combined cycle power plant in Bangladesh.

- The Spanish company is currently executing two contracts in this
Asian country with a total turnover of nearly EUR420 million.

This past Wednesday Chairman Luis Delso of Isolux Corsan signed a
contract in the city of Dhaka (Bangladesh) with Jeff Immelt, CEO of
General Electric, for the acquisition of a latest generation 9FA
turbine for Siddhirganj project, the 335 MW combined cycle power
plant currently being executed by the spanish company under a turnkey
contract for Electricity Generation Company of Bangladesh, the
electricity public utility of this Asian country. The agreement was
signed in the presence of the Ambassador of Spain to Bangladesh, H.E.
Luis Tejada.

This Siddhirganj plant joins the project that is being built in
Khulna, the third largest industrial city of Bangladesh, for a 160 MW
open cycle power plant awarded by Northwest Power Generation Company.
The total price tag on both contracts is close to EUR420 million.

The construction of these two projects in Bangladesh, the seventh
most populous country in the world with 168 million inhabitants, is
part of Isolux Corsan's expansion strategy in Asia, where it
currently has stable operations in Saudi Arabia, Jordan, Kuwait,
Oman, Qatar, Syria and India.

About Isolux Corsan

Isolux Corsan is a global benchmark in energy, concessions,
construction and maintenance of major infrastructure which operates
in over 30 countries on four continents. The construction of major
transport, railway, airport, maritime, and hydraulic infrastructure
and residential and non-residential buildings are the comapny's main
growth areas. Isolux Corsan manages, through its subsidiary Isolux
Infrastructure- concessions on 5,533 km of transmission lines in
Brazil, India and the U.S., 1,610 km of highways in India, Brazil,
Mexico and Spain and develops and manages 286 MWp of solar PV power
in Italy, Spain, India, Peru and the U.S.. In the energy sector,
Isolux Corsan is one of the leading operators in the world in T&D
facilities and maintenance, one of the largest builders of EPC
projects in the Solar PV industry and is a leader among the large
builders in power plant EPC. In addition, the Group holds more than
22,000 parking spaces under conecession in Spain. In 2011, Isolux
Corsan recorded revenues of EUR3.372 Bn, EBITDA of EUR393 Mn and
backlog of EUR43.11 Bn.

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