AS Latvenergo has signed the agreement with the consortium of Spanish firms IBERDROLA Ingenieria y Consultoria S.A.U. / Iberdrola Generacion S.A.U. for reconstruction of thermo-power plant TEC-2. The investment shall be one of the biggest ever made in Latvia with the total sum of EPC and SMA works reaching EUR 272 million.
COBALT advised AS Latvenergo throughout the tender and contract award process.