The company signed the contract, valued at $490m, with Alto Maipo, which is a subsidiary of the Chilean AES Gener and the American AES Corporation.

The scope of the contract includes a host of services such as detailed design engineering; construction of underground; civil works of the two Alfalfal II and Las Lajas hydroelectric plants across a length of 46.5km.

Design and construction at the 531MW hydroelectric complex is expected to begin this month and complete after four and a half years.

Alto Maipo Hydropower Plant is situated in the high Maipo River basin near the city of Santiago.