Gamuda-Ferrovial JV signs ECI deal for Capricornia pumped hydro system

From left: Gamuda Australia chief executive officer Ewan Yee; Ferrovial's managing director for Australia, Antonio Cañete; Partner and Head, CIP Australia, Jørn Hammer; Investment Director, CIP Australia, David Baker.

KUALA LUMPUR: Gamuda Bhd, in partnership with Ferrovial through the Gamuda-Ferrovial Joint Venture (GFJV), has entered into an early contractor involvement (ECI) agreement with Capricornia Energy Hub (CEH) for the Capricornia Pumped Hydroelectric Storage System (PHES) in Central Queensland, Australia.

CEH is owned by Copenhagen Infrastructure Partners (CIP), one of the world’s largest clean energy investors.