Key Developments: Tecnicas Reunidas SA (TRE.MC)

TRE.MC on Madrid SE C.A.T.S.

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Latest Key Developments (Source: Significant Developments)

Tecnicas Reunidas SA wins $500 million order from Pemex-Reuters
Monday, 15 Sep 2014 

Tecnicas Reunidas SA:Spanish oil engineering company Tecnicas Reunidas said it had won a contract from Mexican state-run oil company Pemex for a refining project worth over $500 million-Reuters.The two-part contract, which is expected to last more than three years, includes the designing, engineering, construction, supplying and starting up of three new refining units for Pemex's General Lazaro Cardenas de Minatitlan refinery.The work forms part of Pemex Refinacion's $5.5-billion development and modernisation plan, Tecnicas Reunidas said in a note to the Spanish stock market regulator.  Full Article

Tecnicas Reunidas wins cogeneration project in Canada
Wednesday, 27 Aug 2014 

Tecnicas Reunidas SA:Says it has been awarded contract by Fort Hills Energy LP for execution of cogeneration plant at Fort Hills oil sands mining project.Project located in Alberta’s Athabasca region, 90 kilometers north of Fort McMurray.Contract includes engineering, procurement, construction and pre-commissioning, up to mechanical completion for installation of two nominal 85 MW gas turbines, two steam production heat recovery steam generators and all the related auxiliary systems.Contract value of about C$250 million.Cogeneration project is expected to be completed in 31 months.  Full Article

Tecnicas Reunidas wins contract in Malaysia
Monday, 18 Aug 2014 

Tecnicas Reunidas SA:Petroliam Nasional Berhad (PETRONAS) of Malaysia, has awarded Tecnicas Reunidas (TR) contract.Contract includes engineering, procurement of all equipment and materials, construction and commissioning of all hydrotreating units, interconnection and flare for Refinery and Petrochemical Integrated project (RAPID) in Pengerang, Johor, Malaysia.Contract has been awarded on turnkey basis for value of about $1.5 billion with 50 month project schedule until ready for start up.  Full Article

Tecnicas Reunidas to design and build power plant in Peru
Monday, 14 Jul 2014 

Tecnicas Reunidas SA:Says EnerSur has selected Tecnicas Reunidas (TR) and JJC Contratistas Generales for execution of contract to build open cycle power plant project in Ilo, south of Peru.New power plant will consist of installation of three dual fuel gas turbines with total net power output of 500 MWe ±20 percent.Awarded project covers services for engineering, procurement, construction, commissioning and start-up of plant, up to commercial operation.Contract has value of about $240 million, and amount correspondent to TR is half of this overall value following contract signature.Plant to be completed in 23 months following final notice to proceed.  Full Article

Budimex and Tecnicas Reunidas sign contract with PGE as members of consortium
Thursday, 10 Jul 2014 

Budimex SA:Signs as 22.31 pct member of consortium led by Mitsubishi Hitachi Power Systems Europe GmbH (55.38 pct) and including also Tecnicas Reunidas SA (22.31 pct) contract with PGE Gornictwo i Energetyka Konwencjonalna SA for new block ar Elektrownia Turow power plant.Scope of works include design and complete construction.Contract net value 3,250,000,000 Polish zlotys.Works to be accomplished no later than in 56 months from beginning.  Full Article

Tecnicas Reunidas selected by AES for Los Mina Power Plant in Dominican Republic
Thursday, 3 Jul 2014 

Tecnicas Reunidas SA:AES Dominicana, through Dominican Power Partners, DPP, has awarded Tecnicas Reunidas,TR, execution of conversion to combined cycle of its Los Mina Power Plant in Santo Domingo, Dominican Republic.New power plant will add 114 MWe of new power generation capacity to existing 210 MWe open cycle.Existing plant consists of two gas turbines operating in open cycle after which TR will install two heat recovery steam generators, one steam turbine and all necessary balance of plant.Awarded project is Lump Sum Turn Key (LTSK) contract covering services for engineering, procurement, construction, commissioning and start-up of plant, up to commercial operation.Contract value about $140 million.Together with contract signature, DPP will issue limited notice to proceed that will be followed by final notice to proceed expected in Sep. 2014.Plant to be completed in 27 months following final notice to proceed.  Full Article

Tecnicas Reunidas declares FY 2013 complementary dividend
Monday, 30 Jun 2014 

Tecnicas Reunidas SA:Declares complementary dividend for 2013 of 39,154,303 euros, equivalent to 0.728565 euro gross per share (0.575566 euro net per share).  Full Article

Petroperu awards Tecnicas Reunidas Talara refinery modernization project
Thursday, 29 May 2014 

Tecnicas Reunidas SA:Tecnicas Reunidas (TR) and Petroperu have signed final agreement for conversion to LSTK contract for Talara refinery modernization project in Talara, Peru.Agreement reached corresponds to conversion of previous contract awarded under open book contract of which its total value is about $2,700 million.Project includes design and detailed engineering, procurement of all equipment and materials, construction and assistance to start-up of facility within schedule of 55 months.Modernization project to increase refinery production from 62,000 to 95,000 barrels per day.  Full Article

Tecnicas Reunidas wins contract in Saudi Arabia
Sunday, 4 May 2014 

Tecnicas Reunidas SA:Saudi Aramco has selected Tecnicas Reunidas (TR) for execution of project within Jazan IGCC (Integrated Gasification Combined Cycle) complex in Jazan Economic City, located in Jazan Province, a south western region of Saudi Arabia.Gasification unit to have capacity of 2,110,000 Nm3/h of syngas.Total output of plant to be of about 2,400 MW.Contract includes development of utilities and off-sites facilities for IGCC complex under Lump Sum Turn Key (LSTK) contract covering services for engineering, procurement, construction, precommissioning and commissioning support for facilities.Contract value of about $1,700 million.Facilities to be operational in 2017.  Full Article

Budimex SA, Tecnicas Reunidas SA consortium wins contract from PGE
Tuesday, 18 Mar 2014 

Budimex SA:Says consortium comprising Hitachi Power Europe GmbH, MHPS Europe GmbH (leader with 55.38 pct share), Budimex SA (partner with 22.31 pc share) and Tecnicas Reunidas SA (partner with 22.31 pct share) has been selected by PGE Gornictwo i Energetyka Konwencjonalna SA to build power unit in Turow plant.The value of the offer is 3.25 billion Polish zlotys.The works on the unit are to take 56 months from the moment when construction gets underway.  Full Article

Spanish stocks - Factors to watch on Thursday

The following Spanish stocks may be affected by newspaper reports and other factors on Thursday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy:

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