Israel firm to build Guatemala’s 85-MW Palo Viejo

Israel’s Solel Boneh International has signed a contract to plan and construct the 85-MW Palo Viejo hydroelectric project in Guatemala.

Solel Boneh’s parent firm, Housing &Construction Holding Co., announced the signing of the US$200 million contract in a statement to the Tel Aviv Stock Exchange.

The Guatemalan unit of Italian utility Enel announced plans in 2008 to develop Palo Viejo in Quiche.

Construction is to require 32 months, including building dams and a reservoir, digging canals and a tunnel, building access roads, installing turbine-generators, and constructing a powerhouse, the Israeli firm said.

Housing &Construction announced in 2007 that Solel Boneh signed a contract to help build Guatemala’s 94-MW Xacbal hydroelectric project. (HNN 5/1/07) Housing &Construction, Israel’s biggest construction company, is controlled by the Arison Group.

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