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
more recommended stories
Make Your Play in Yucatán
Yucatán Peninsula casinos and hotels are.
Will the Maya Train project put the jaguar population in risk?
Businessman José María Riobóo name was.
Take the new guided tour of Mérida’s Paseo de Montejo!
On December 10, The City of.
Photo of child playing and bathing in a river with jaguars goes viral
The image of a child swimming.
Activists and municipal authorities clean up the “Ek Bis” cenote in Hoctún, Yucatán
Around 70 people, including volunteers and.
Tonantzin, the deity behind the Virgen of Guadalupe cult.
The virgin of Guadalupe has been,.
López Obrador acknowledges effectiveness of the Yucatan Police
Mexican president Andrés Manuel López Obrador.
Number of foreign tourists in Mexico grows by 6.5%
The tourism industry in Mexico continues.
What is an “Aguinaldo” and how is it calculated?
The Aguinaldo or “Christmas bonus” is.
American Senator Chuck Schumer calls Trump wall threat ‘temper tantrum’
A closed-door meeting between President Donald.