Técnicas Reunidas LatAm backlog nears US$2bn

Friday, July 31, 2015

Latin America represented 22% of engineering and construction company Técnicas Reunidas' backlog at end-June, CEO Juan Lladó said in a webcast.

The Madrid-based group's backlog grew 15.6% year on year to 9.03bn euros (US$9.97bn).

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Lladó highlighted that Técnicas' most important project in Latin America is the overhaul of Peru's Talara refinery (pictured).

The company's regional refining and petrochemical backlog includes work at Bolivian refineries in Cochabamba and Santa Cruz (estimated delivery date in 2016), and Mexico's Minatitlán refinery (2015).

Regional upstream and gas projects include Perla, offshore Venezuela (2016) and Bolivia's Gran Chaco liquids separation plant, which is in operations ramp up.

The Spanish firm's power backlog in Latin America includes Peru's Nodo Energetico del Sur project (2016) and Los Minas (2016) in the Dominican Republic.

Amid the low oil price scenario, Lladó said that award times now are taking six to seven months, and sometimes a year, versus three to four months previously.

BNamericas will host its 5th LatAm Power Generation Summit in Lima, Peru, on August 19-20 and its 9th South America Infrastructure & Energy Summit in Bogotá, Colombia, on September 9-10. Click here to download the agendas.