May 18, 2021

Técnicas Reunidas wins contracts to build combined cycle plants for 785 million euros

Técnicas Reunidas wins contracts to build combined cycle plants for 785 million euros


MadridUpdated:

Spanish engineering Técnicas Reunidas has rebounded this afternoon on the Stock Exchange 5.75% hours after announcing the award of two new contracts to build two combined cycle plants worth about 900 million dollars (about 785 million euros).

The actions of the company cAt the beginning of the day they were trading at the selective one at 21.87 euros by title, that half of session was around 23 euros.

The Spanish company has been awarded, in consortium with General Electric, a combined cycle plant for Sumitomo & GE EFS in Hamriyah, in the United Arab Emirates. The project will report 350 million dollars (305 million euros).

The Energy and Water Division of Técnicas Reunidas has also been selected in November 2018 for the construction of a combined cycle worth more than 550 million dollars (490 euros), although the company does not detail for whom or where the plant will be built.

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