Isolux Corsan Wins a new Contract in Gabon to Bring Electricity Into 33 Rural Villages

MADRID, February 17, 2011 /PRNewswire/ --

- The Project has a Budget of EUR34.6m. It Includes the Installation of 20 Kilometres of 225 kV Power Lines and the Construction of a 20/20 kV Substation Transformer.

- The Company is Rolling out Several Energy Projects in Seven African Countries: Angola, Algeria, Gabon, Equatorial Guinea, Morocco, Mauritania and Mozambique

Isolux Corsan will be widening its footprint on the African continent, where it runs power projects in seven countries, having just won a new contract from the government of Gabon to electrify 33 rural villages in the north-east of the country, in the provinces of Estuaire and Moyen-Ogooue.

The project will require a capital outlay of EUR34.6m. Isolux Corsan must complete it within 30 months. It will install 200 kilometres of 20 kV power lines, of which 140 kilometres will run between Kango and Lambarene and the other 60 kilometres between Bifoun and Ndjole. As part of the project, it will also build a 225/20 KV substation transformer in Bifoun.

This operation will supply power to over 10.000 villagers in rural areas that currently have no access to electricity. It forms part of the Gabonese government's modernisation plan to encourage economic development in the country and improve the quality of life for its citizens. At present, the electricity access rate in Gabon is roughly 60%, with power reaching 80% of the urban environments and 35% of the rural areas. The government aims to guarantee 100% coverage by 2020.

The agreement between the Gabon government and Isolux Corsan to implement this rural electrification project was signed by the minister of Energy & Hydraulic Resources, Regis Immongault, and the Isolux Corsan representative in the Afircan continent, Jose Augusto Anes, in the presence of the prime minister and head of government, Paul Biyoghe Mba.

Other electrification projects

Isolux Corsan has a robust track record for creating power supply in the African continent. It has already proven its expertise in several projects, worth EUR100m, over a total of seven countries: Angola, Algeria, Gabon, Equatorial Guinea, Morocco, Mauritania and Mozambique. At present, the company is operating rural electrification projects in Angola (Kwanza Sul, Malange and Cabinda-Landana), Mauritania (Rosso-Boghe) and in Gabon (Libreville-Cap Esteiras and Franceville Okondja) for an additional EUR150m.

ISOLUX CORSAN | http://www.isoluxcorsan.com

Communication manager: Isabel Saracho | isaracho@isoluxcorsan.com

Press office: Macarena Ramirez +34-91-449-32-93 | mramirez@isoluxcorsan.com

SOURCE Grupo Isolux Corsan