Gra~na y Montero announces awarding of US$ 187 mm contract
Gra~na y Montero S.A.A. (NYSE:GRAM) (BVL: GRAMONC1) (“the Company” or “Gra~na y Montero”) a leading Engineering and Construction company, announced that its Chilean subsidiary Vial y Vives – DSD S.A., has received an adjudication letter with the “Buena Pro” for the project denominated 01-OC: “Construction of Civil Works for ~Nuble de Pasada Hydroelectric Plant” for the client Hidroelectrica ~Nuble SpA (subsidiary of Electrica Puntilla S.A.).
The project consists on the execution of all the necessary civil works for the proper functioning of the ~Nuble Hydroelectric Plant, which consists on the construction of the water intake, abduction canal, discharge piping and the machine room.
The amount of this project is of US$ 187’566,763.74.
About Gra~na y Montero S.A.A.
Founded in 1933, Gra~na y Montero is the only Peruvian engineering and construction company listed on the Lima Stock Exchange since 1997 and now also the NYSE. The Company has participated in the development of major engineering and construction projects in Peru, including large-scale, complex projects in the energy, mining, construction and real estate sectors.
With 80 years of operations, the Company has leveraged its engineering and construction expertise into complementary lines of business, such as the development, ownership, operation and maintenance of infrastructure assets, real estate developments, and the provision of technical services. The Company has significant investments in infrastructure concessions, such as three toll roads and Line 1 of the Lima Metro.
The Company has also executed several projects outside Per’u, and has acquired three companies in Chile: DSD Construcciones y Montajes, an engineering and construction company specialized in providing services to the energy, oil and gas, cellulose and mining sector in Chile and Latin America; Vial y Vives, a construction company specialized in the mining sector, and CAM, which is specialized in electric services, with operations in Chile, Peru and Colombia.
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