Vinci SA (DG.FR) has won a 284 million-euro ($341 million) contract to build a hydroelectric plant in Morocco as part of the country's plan to develop renewable energy, the company said Tuesday.
The French construction company said it will lead a joint venture with Andritz Ag (ANDR.VI) to develop the Abdelmoumen pumped-storage plant, which will be located 70 kilometers from Agadir in southwestern Morocco.
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Vinci will help to complete two reservoirs and auxiliary infrastructure, while Andritz will be responsible for electromechanical equipment, Vinci said in a press release.
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(END) Dow Jones Newswires
January 09, 2018 03:03 ET (08:03 GMT)