Utility Energias de Portugal (EDP) awarded Reforco de Potencia da Barragem de Venda Nova III - ACE a 131 million euro (US$179 million) contract for civil construction of the 435-MW Venda Nova 3 pumped-storage hydro project in Portugal.
The Venda Nova 3 pumped-storage hydro project is being developed on Portugal's Rabagao River. Completion of the hydro project is projected for 2014.
EDP completed the 194.2-MW Venda Nova 2 project in 2005 at the Venda Nova Dam. (HRW September 2007)
The Venda Nova 3 contract calls for engineering and construction works pertaining to tunnel, powerhouse chamber, surge shaft and intake construction, as well as all other preparatory and related work for the project.
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