Abengoa Transmision Sur S.A. (ATS or the project) won a 30-year concession contract to build, own, operate, and transfer (BOOT) a power transmission project in central and southern Peru in 2010. The project consists of three 500 kilo volt (kV) (approximately 884-kilometer [km] long) power transmission lines along the Chilca-Poroma-Ocoña-Montalvo axe in Peru, three new 500 kV substations, expansion of two existing 220kV substations and one existing 550 Kv substation and two new 220-kV transmission line (approximately 32 km long). The transaction involves no construction risk at this stage because the asset started commercial operations on Jan. 17, 2014. ATS will receive fixed and dollar denominated annual payments based on availability that were determined in the concession contract. Those revenues
