The Spanish electricity provider Union Fenosa, in association with a US company, has won a contract worth up to $1.5 billion from the US army to provide infrastructure in Iraq and 24 other countries.
Of the ten groups that landed contingency contracts on January 12, 2004, this is the only consortium involving European companies, stated a press release.
The consortium, comprising US company CH2MHill and Union Fenosa’s subsidiary Soluziona will build, reconstruct, renovate, operate and maintain infrastructure and installations, and handle other contingencies that may arise in 25 countries, from sub-Saharan Africa to Central Asia.
This contingency contract has a limit of $500 million in the first year and up to $250 million in the following four years. It was awarded via the Indefinite Delivery/Indefinite Quantity (IDIQ) method, which is usually used by the US government in order to undertake multiple projects with greater flexibility and efficiency.
Soluziona is one of Spain´s largest professional services multinationals, grossing over €710 million. It provides engineering and consulting services to the economy’s largest players including the energy, telecom and transport sectors. — (menareport.com)
© 2004 Mena Report (www.menareport.com)
