Vinci Signs EUR284 Million Hydroelectric Contract in Morocco
09 Gennaio 2018 - 9:18AM
Dow Jones News
By Nathan Allen
Vinci SA (DG.FR) has won a 284 million-euro ($341 million)
contract to build a hydroelectric plant in Morocco as part of the
country's plan to develop renewable energy, the company said
Tuesday.
The French construction company said it will lead a joint
venture with Andritz Ag (ANDR.VI) to develop the Abdelmoumen
pumped-storage plant, which will be located 70 kilometers from
Agadir in southwestern Morocco.
Vinci will help to complete two reservoirs and auxiliary
infrastructure, while Andritz will be responsible for
electromechanical equipment, Vinci said in a press release.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
January 09, 2018 03:03 ET (08:03 GMT)
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