Ingula Hydroelectric Plant
The procedures for Impregilo’s participation in the construction of a hydroelectric plant in South Africa, together with CMC of Ravenna and a local company, were finalized in March 2009. The overall value of the project, in which Salini Impregilo has a 39.2% stake, is currently equal to about € 948 million. The initiative, called the “Ingula Pumped Storage Scheme” involves the construction of a generation and pumping plant with a total installed power of 1332 MW, which will generate electricity during peak hours and will reuse the same water by pumping it into an upstream basin during off-peak hours.
The percentage of work completion as at June 30, 2015, was 94.9%.