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 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

Peru reaches deal with Tecnicas Reunidas to expand refinery-Reuters
Friday, 14 Mar 2014 

Tecnicas Reunidas SA:State-run energy firm Petroperu to sign contract in April to start work on a $3.5 billion refinery expansion with Tecnicas Reunidas-Reuters.Project aims to increase output by 50 percent at Talara refinery, Petroperu's main plant, to around 96,000 barrels per day.Financial details were not provided.  Full Article

Tecnicas Reunidas SA proposes FY 2013 dividend payment
Friday, 28 Feb 2014 

Tecnicas Reunidas SA:Proposes a dividend for 2013 in the amount of 75 million euros.Interim dividend for 2013 in the amount of 35.8 million euros, equivalent to 0.667 euro per share, was paid on Jan. 16.  Full Article

APSCL awards Tecnicas Reunidas SA turn-key project in Bangladesh
Wednesday, 26 Feb 2014 

Tecnicas Reunidas SA:TR chosen by Ashuganj Power Station Company Ltd (APSCL) to lead a consortium together with TSK, as main contractor for the engineering, procurement of equipment and materials, construction and start-up of a new power plant in Ashuganj, Bangladesh.Contract worth of about $300 million.Project includes construction of a new natural gas combined cycle plant for the production of electricity, which shall be exported via the local distribution network.Combined cycle includes a gas turbine, a recovery boiler and a steam turbine in addition to all the auxiliary systems.Plant to generate 380 MW.  Full Article

Spain's Tecnicas Reunidas posts 7.4 pct fall in Q1 profit

MADRID, May 14 - Spanish industrial contractor Tecnicas Reunidas on Wednesday said its first-quarter net profit had fallen 7.4 percent from a year ago to 32 million euros ($44 million), as its portfolio of projects shrank slightly.

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