Pemex signs energy contracts with Atco and Mitsui
Pemex, Mexico's state-owned oil company, has signed preliminary agreements to develop two power plants to supply electricity to two of Mexico's refineries,.
The projects include a 638 MW a natural gas power plant in Tula and a 380 MW natural gas power plant in Cadereyta.
The deals, which are worth US$1.4 billion, have been signed between PMX Cogeneración S.A.P.I. de C.V, a subsidiary of Pemex, and Japanese trading house Mitsui & Co. Ltd. and Canada's Atco Ltd.
The two power plants are expected to be operational by the second half of 2017.
Pemex's partnership with Grupo Hermes-Atco involves the development of a 638 MW natural gas power plant. The total project investment is estimated at US$820 million. The electricity produced from the new facility will supply Pemex's Miguel Hidalgo refinery which is located in Tula.
Pemex's partnership with Mitsui & Co. involves the development of a 380 MW natural gas power plant. The total project investment is estimated at US$590 million. The electricity produced from the new facility will supply Pemex's Hector R. Lara Sosa refinery which is located in Cadereyta.
Any excess power will be sold over Mexico's national grid.
According to the head of Pemex Gas and Basic Petrochemicals, Alejandro Martínez, Pemex will hold a minority stake of between 11 and 30% of the natural gas power plants.
Country news
-
-
November 20, 2014
Blue Earth agrees to purchase 273MW's of solar and wind projects in Mexico
Blue Earth, Inc. an a renewable energy and energy efficiency services firm, has signed a letter of agreement to acquire six solar and wind projects totaling 273 MW's in Mexico. Read more -
November 26, 2014
IEnova wins tender for Ojinaga-El Encino gas pipeline in Mexico
Infraestructura Energética Nova, S.A.B. de C.V. (IEnova), a subsidiary of Sempra, has been declared the winner of the Comisión Federal de Electricidad (CFE) tender for the gas pipeline from Ojinaga to El Encino in the state of Chihuahua, Mexico. Read more -
December 19, 2014
Mexico's Fermaca wins El Encino - La Laguna natural gas pipeline project
Mexico's state power company CFE has awarded the contract for the development of the El Encino - La Laguna natural gas pipeline project to a subsidiary of Femaca. Read more -
January 13, 2015
Slim's Carso wins Waha-Presidio gas pipeline
The Federal Electricity Commission (CFE) of Mexico has awarded the Waha-Presidio natural gas pipeline project to a consortium that includes Carlos Slim’s Carso Energy. Read more -
January 14, 2015
Abengoa to develop a 924 MW plant for Mexico’s Federal Electricity Commission
Abengoa has been chosen by Mexico’s Federal Electricity Commission (CFE) to carry out the Norte III project, consisting of a 924 MW combined cycle plant in Ciudad Juárez, Mexico. Read more
