Mexico's Federal Electricity Commission selects Abengoa for US$440M contract to develop 640-MW combined-cycle electricity plant in Centro Morelos; project will power 280,000 homes, scheduled to be operational within 24 months
December 5, 2011
The combined cycle plant, which will require an investment of US$ 440 million by the CFE and is scheduled to be operational within 24 months, forms part of the Morelos Integral Project, a key initiative for developing central Mexico, enabling it to diversify its energy sources and providing greater energy efficiency and sustainability to the country's metropolitan area.
The plant developed by Abengoa will be one of the most innovative and advanced in Mexico. Once operational, it will be capable of generating sufficient energy to supply more than 280,000 homes. The project is expected to create more than 700 new jobs in the region during the construction stage.
Manuel Sánchez, CEO of Abengoa, said, “This project once again demonstrates CFE's confidence in our ability to comprehensively deliver major energy infrastructure projects. This latest contract, together with the recently awarded El Zapotillo aqueduct project, will bring our order book in Mexico to more than US$ 1.5 billion”.
Abengoa is currently carrying out an additional five projects with the CFE, including the recently awarded Tamaulipas transmission line project, covering more than 85 km, and the Agua Prieta II project awarded in July.
Abengoa (MCE: ABG) is an international company that applies innovative technology solutions for sustainable development in the energy and environment sectors, generating electricity from the sun, producing biofuels, desalinating sea water and recycling industrial waste.