Mexico’s national power company CFE on Wednesday said it had awarded a $372.6 million natural gas pipeline contract to Mexico-based energy company Fermaca.
The deal is to build, operate and maintain a gas pipeline that will run through the states of Durango, Zacatecas and Aguascalientes, and which should begin operating in January 2018, CFE said in a statement.
CFE said it received bids from Fermaca and subsidiaries of TransCanada Corp. and IEnova.
Fermaca is a large company active in the energy sector that provides solutions predominately for natural gas, but also for other traditional hydrocarbon fuels. Fermaca develops projects from conception to completion, managing the engineering, financing and construction.
Fermaca is a pioneer in the energy sector and leads the private market in the transportation of natural gas. They currently own and operate a pipeline in the Palmillas-Toluca region, in central México, and are finishing the construction of another pipeline in the Chihuahua corridor, transporting gas from the México/US border to the city of Chihuahua.
Report by Christine Murray; Editing by David Gregorio for Reuters
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