Abengoa SA plans to resume work in the next few months on Latin Americas first solar-thermal plant, as the Spanish renewable energy company comes back from the brink of bankruptcy, people with knowledge of the matter said.
Work on the $1 billion Atacama I project in northern Chile, a joint venture between Abengoa and private equity firm EIG Global Energy Partners, will restart once agreements on Abengoas debt restructuring plan are completed, said one of the people, asking not to be named because the decision isnt public. About 1,500 workers were fired from the project in January, leaving only maintenance personnel on site. Resumption of work could begin in the fourth quarter, said one of the people.
“The project will be a milestone in L…
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