Isolux Corsán Signs Agreement With General Electric for the Acquisition of a Turbine for the Siddhirganj Project in Bangladesh
MADRID, October 3, 2012 /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
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.
SOURCE Isolux Corsan