The award of the £126M (US$221M) contract follows a competitive tendering process in accordance with the requirements of the European Procurement Directives. Work on the scheme, which is expected to take three years, is currently getting underway.
The Hochtief contract comprises the planning and turnkey operation of a 900m long dam, extensive subterranean construction, including the power house cavern, as well as 16km of tunnel work.
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