Published On: Sun, Jan 11th, 2015

Spain’s Energy Company to build power plant in northern Mexico

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Mexico City, Jan 10 (EFE).- Spain’s Abengoa said it has been awarded a $1.55 billion contract to build and operate a 924 MW combined-cycle power plant in the northern Mexican border city of Ciudad Juarez, a project that will boost the supply of electricity in northern Mexico.

State-owned electric company CFE selected Abengoa to develop the Norte III project, the Seville, Spain-based company said in a statement.

The contract calls for the plant to be built over a period of roughly 30 months and for Abengoa to operate and maintain the facility over 25 years.

The construction phase, which will require an investment outlay of $700 million, is expected create up to 2,000 direct and indirect jobs, Abengoa said.

The plant will produce enough electricity to supply more than 500,000 homes annually, reduce greenhouse-gas emissions and lower power costs for consumers.

Norte III will be Mexico’s largest combined-cycle plant and is the second that Abengoa is developing for CFE after Centro Morelos, which is currently under construction and will have a generating capacity of 640 MW, the statement said.

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Abengoa´s CEO, Felipe Benjumea (c) gives a speech during public event. (Photo: EFE)

Abengoa, which provides technological solutions for sustainable development in the energy and environment sectors, is also carrying out two electrical transmission projects for CFE.

Source: (EFE)

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