Isolux Corsan Will Construct the Largest Electrical Transmission Line in Kenya

MADRID, June 8, 2011 /PRNewswire/ –

– The Project, Under Contract With the Public-Sector Company, Ketraco,
Will Make it Possible to Upload the Output From The Highest-Capacity
Wind-Farm in Africa (300 MW)

– The Company’s Backlog Already Includes Several Projects on the African
Continent, Worth Some EUR1 bn.

Isolux Corsan has won the tender for the construction of the largest
high-voltage electrical transmission line in Kenya and one of the largest in
Africa: 428 km long, bearing 400 KV. The EPC contract, signed with the
public-sector Kenya Electricity Transmission Company (Ketraco), under the
auspices of the Kenyan Energy Ministry, is for EUR142m.

When built, the project will enable uploading of the power output from
the wind-farm with the greatest installed capacity throughout the African
continent (300 MW). It is located near to Lake Turkana, and has been
developed by the private-equity company, Lake Turkana Wind Power, with
support from various financial institutions led by the African Development
Bank.

Construction work on the line will begin in the second half of this year,
and will take 23 months. Isolux Corsan is scheduling finalisation for the end
of 2013.

The new high-voltage line will link the town of Loyangalani, near Lake
Turkana, to the town of Suswa, on the outskirts of Nairobi, which will mean
that several geothermal plants located along the route will be able to upload
their output onto it in the future.

The contract signed with Ketraco is the largest EPC contract that Isolux
Corsan has undertaken to date in Africa. It allows the company to become
known in one of the fastest growing economic areas in Africa, within the
framework of a landmark project, namely the highest-capacity wind-farm in the
continent. It will also make it possible for Isolux Corsan to expand its
business activity in the area over the next few years.

Isolux Corsan in Africa

The contract signed with Ketraco consolidates Isolux Corsan’s business in
Africa, where it already has stable operations in eight countries: Angola,
Algeria, Gabon, Equatorial Guinea, Kenya, Mauritania, Morocco and Mozambique.
Its activity on the African continent contributes 8% of the company’s total
revenues. The projects underway in Africa, mainly in the energy sector,
represent a turnover for Isolux Corsan of over EUR1 billion.

About Isolux Corsan

Isolux Corsan is a major global company in construction, power,
concessions and industrial services. It operates in more than 30 countries on
4 continents and is the largest unlisted Spanish group in the construction
and public-works sector. Its main growth drivers are concessions for power
transmission, toll roads and car parks, as well as the construction of large
infrastructure. Isolux Corsan has 3,812 km of power lines in Brazil and the
USA. It owns 1,700 km of toll roads in Brazil, India, Mexico and Spain, and
has over 21,600 parking spaces under concession. The group has long-standing
experience in construction and maintenance of large infrastructure: toll
roads, railways, civil engineering works, hydraulic and maritime engineering
works and residential and non-residential building. In the power industry,
Isolux Corsan is one of the largest construction companies world-wide for EPC
(engineering, procurement & construction) projects in the photovoltaic
sector, with over 267 MW under operation in 2010. It is a key player amongst
the largest companies involved in building EPC power plants, with 1,500 MW
under construction. It is also involved in industrial processes, with turnkey
projects in the oil & gas industry and biofuel plants. In 2010, the company
reported over EUR3.24 bn in revenues, an EBITDA of EUR311m and a backlog of
EUR30.18 billion.

SOURCE Isolux Corsan