Abengoa has signed a five year extension to its agreement with the National Power and Drinking Water Office (ONEE). The contract is worth approximately €63 million.

November 4, 2015. - Abengoa (MCE: ABG. B/P SM /NASDAQ: ABGB) the international company that applies innovative technology solutions for sustainability in the energy and environment sectors, has signed an extension to its operations and maintenance agreement with the Moroccan Power and Drinking Water Office (ONEE) for the 472 MW Ain Beni Mathar solar-gas power plant. It is the first plant to use integrated solar combined cycle technology (ISCC), which came into commercial operation in the world in 2010. The contract is worth approximately €63 million.

Covering a site of 160 hectares, Ain Beni Mathar was commissioned in 2010 as Africas first STE plant and generates 10 % of the electricity consumed in Morocco. It has an installed capacity of 472 MW, which it generates from a combination of solar power and natural gas.

Abengoa has more than 15 years of experience operating and maintaining renewable energy and conventional power plants as well as water and waste treatment plants. The renewal of this agreement reflects Abengoas experience of operating and maintaining electrical power plants, while further consolidating its position in the international market with the development, operation and maintenance of hybrid solar-gas plants, cogeneration plants and water treatment plants.