Key Developments: Tecnicas Reunidas SA (TRE.MC)

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

17 Apr 2014
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Latest Key Developments (Source: Significant Developments)

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

Tecnicas Reunidas SA is expanding in Canada
Tuesday, 11 Feb 2014 

Tecnicas Reunidas SA:Says it has been awarded a C$580 million contract by North West Redwater Partnership for the execution of the Units 50 (Light Ends Recovery) and 60 (Sulphur plant) for the Phase One of the North West Redwater Sturgeon Refinery in Alberta, Canada.Says the project includes engineering, procurement, construction and pre-commissioning up to Mechanical Completion of the Light Ends Recovery Unit and the Sulphur plant of phase one of the Bitumen refinery.Says the project is located in Sturgeon County, about 45 km northeast of Edmonton in the Alberta Industrial Heartland area.Says TR is executing another turnkey project in Canada for engineering, procurement and construction of bitumen upgrading facilities, north of Fort McMurray, Alberta.  Full Article

Tecnicas Reunidas SA to distribute FY2013 interim dividend payment
Monday, 16 Dec 2013 

Tecnicas Reunidas SA:Says it will distribute an interim dividend payment for the fiscal year 2013 at a gross value of 0.667 euros per share to all the shares entitled to receive dividends.Says the payment of dividend is to be made on Jan. 16, 2014.Says the total amount to be distributed as interim dividend will be 35.8 million euros.  Full Article

Tecnicas Reunidas SA Announces Further Details On Algerian Touat Field Contract
Thursday, 8 Aug 2013 

Tecnicas Reunidas SA announced that it has signed with Groupement Touat Gaz a USD 1 billion contract to develop hydrocarbons complex facilities near the city of Adrar located to the South West of Algeria. Groupement Touat Gaz is a partnership of the Algerian government-owned company SONATRACH and the French company GDF SUEZ. The Touat Project includes engineering, procurement, construction, commissioning and startup of gas processing facilities with an estimated capacity of sale gas. The area of the future Complex covers about 80 hectares and the area of activity (blocks 352a and 353a) is approximately of 3.000 square kilometers. The facilities include the development of 25 wells and the associated gas gathering systems over more than 150 km, associated gas and condensate processing units, compressors, Hg, H2S and CO2 removal units, as well as dehydration units, residual waters treatment unit and all auxiliary systems required for the Complex independent operation including its own electric power generation and drinkable water production.  Full Article

GDF Suez Awards Algerian Touat Field Contract To Tecnicas Reunidas SA-Reuters
Thursday, 8 Aug 2013 

Reuters reported that French utility GDF Suez and Algerian state energy group Sonatrach said on August 8, 2013 they had awarded an engineering contract to Tecnicas Reunidas SA for the development of the Touat field in southwestern Algeria. The production at the Touat field, with reserves estimated at 445 million barrels of petrol equivalent, is scheduled to start in late 2016. The project will produce 4.5 billion cubic metres of gas annually and 630,000 barrels of condensate. The statement did not disclose the value of the contract awarded to the Company, which consists mainly in the construction of an industrial natural gas treatment plant and collection system.  Full Article

Tecnicas Reunidas SA Announces FY 2012 Complementary Dividend Payment
Thursday, 27 Jun 2013 

Tecnicas Reunidas SA announced a complementary dividend payment for fiscal year 2012 at a gross value of EUR 0.728570 per share (net value of EUR 0.575566 per share), effective on July 11, 2013.  Full Article

Tecnicas Reunidas SA Wins EUR300 Million Contract-Reuters
Wednesday, 12 Jun 2013 

Reuters reported that Tecnicas Reunidas SA said it has won a turnkey contract worth EUR300 million ($398.2 million) with Total to build new units and upgrade part of the Amberes refinery in Belgium.  Full Article

Peru reaches deal with Spain's Tecnicas Reunidas to expand refinery

LIMA, March 14 - State-run energy firm Petroperu will sign a contract in April to start work on a $3.5 billion refinery expansion with Spanish oil engineering company Tecnicas Reunidas, the government said on Friday.

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