Daelim Signs MOU for Cooperation with Spain’s Abeinsa in the Hydroelectric Power Generation, Dam and Water Supply, and Sewage Fields
DATE 2014.12.03
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Daelim Signs MOU for Cooperation with Spain’s Abeinsa in the Hydroelectric Power Generation, Dam and Water Supply, and Sewage Fields
Participants in the MOU signing ceremony pose for a group photo.
Daelim signed an MOU for cooperation with Spain’s Abeinsa in the hydroelectric power generation, dam and water supply, and sewage fields on December 3, 2014. The Abeinsa CEO, Daelim President Kim Dong-su, and Daelim Energy CEO Kim Sang-woo participated in the MOU signing ceremony held at Daelim’s head office in Susong-dong, Seoul.Participants in the MOU signing ceremony pose for a group photo.As a subsidiary of Spain’s Abengoa Group, Abeinsa is an EPC company and a developer covering even O&M and is ranked 19th in ENR (based on sales abroad). Abeinsa concentrates on power and desalination industries and ranks no. 1 in solar power generation and power transmission and no. 4 in combined heat and power generation in the world. At least 57% of Abeinsa’s total sales come from North America and South & Central America.
Based on the MOU, both companies are implementing a water supply project in Lima, Peru as their first project. The project is a public-private partnership (PPP) project involving supplying water sources (dam and watercourse tunnel) and water supply facilities (treating facilities and pipeline) to Peru’s capital, Lima. The investment amount is USD 400 million, and the construction cost is USD 300 million. They plan to take part in the bid in the first half of next year by preparing a proposal based on Daelim’s dam and watercourse tunnel construction experience and Abeinsa’s experience and know-how in water supply facilities.
The Lima, Peru project involves two-dam expansion, watercourse tunnel,
and water supply facilities construction.
and water supply facilities construction.
