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