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STRABAG assumes construction of GKI power plant along the river Inn

March 13, 2017

STRABAG AG, working in a consortium with two other Austrian construction companies - Jäger Bau GmbH and G. Hinteregger & Söhne Baugesellschaft m.b.H -, assumed the tunnel driving works for the Maria Stein pressure flow tunnel of the Gemeinschaftskraftwerk Inn (GKI) power plant. When completed, the facility along the Swiss-Austrian border region will generate more than 400 GWh of electricity and so make a significant contribution to Tyrol's energy autonomy. The total investment volume of Gemeinschaftskraftwerk Inn GmbH - including the construction works - is estimated at 460 million.

The run-of-the-river power plant is owned to 76 % by TIWAG, 14 % by Engadiner Kraftwerke and 10 % by Verbund. Construction is being carried out under the overall responsibility of TIWAG. The construction consortium has been hired to build the remaining 19 km (of a total of 22 km) of tunnel with a diameter of 6.5 m. Two tunnel boring machines will be in use on the project. The construction contract was concluded on the basis of an alliance and partnering model. The power plant is scheduled to be put into operation in 2020.

STRABAG SE is a European-based technology group for construction services, a leader in innovation and financial strength. Our services span all areas of the construction industry and cover the entire construction value chain. We create added value for our clients by our specialised entities integrating the most diverse services and assuming responsibility for them. We bring together people, materials and machinery at the right place and at the right time in order to realise even complex construction projects - on schedule, of the highest quality and at the best price. The hard work and dedication of our close to 72,000 employees allow us to generate an annual output volume of about 14 billion. At the same time, a dense network of numerous subsidiaries in many European countries and, increasingly, on other continents is helping to expand our area of operation far beyond the borders of Austria and Germany. More information is available at www.strabag.com.

STRABAG AG - a subsidiary of STRABAG SE - is the leading construction company in Austria in all segments of the construction industry. With approximately 10,300 employees, an output volume of about 2.1 billion was achieved in the 2016 financial year.

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