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Altamira V

Sector: Commercial • Location: Mexico

Source: World Bank Group

Project
Active

Iberdrola SA was awarded a contract to build, own, and operate the estimated 1,121 MW power plant. Iberdrola was to self-finance the estimated US$550 million project. Construction was to begin in 2004. Altamira V was the largest independent power producer contract awarded in Mexico's history. The plant was to be fueled by natural gas supplied by CFE. The plant was located in the state of Tamaulipa

Status
Prospective
Sector
Commercial, Natural Gas, Power Generation (CCGT), Seaport, Warehouse, Government
Location
Mexico
Updated
22 Jul 2026
Source
World Bank Group

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The project “Altamira V” is an infrastructure initiative in the Commercial sector, located in Mexico. Taiyo aggregates data on it from World Bank Group.

Participants

Sponsoring Agency

Status

Original status

active

Taiyo status

Prospective

Taiyo last update

2026-07-22

Contact

Not available for this record.

Description

Description

Iberdrola SA was awarded a contract to build, own, and operate the estimated 1,121 MW power plant. Iberdrola was to self-finance the estimated US$550 million project. Construction was to begin in 2004. Altamira V was the largest independent power producer contract awarded in Mexico's history. The plant was to be fueled by natural gas supplied by CFE. The plant was located in the state of Tamaulipas, in the port of Altamira. Iberdrola was to sell all of the plant's capacity to the Comision Federal de Electricidad (CFE) under a 25-year Power Purchase Agreement. Construction was expected to finish in 2006. None None

Original sector

Energy

Budget

Location

Country

Mexico

Source

Source

World Bank Group

URL

More Details

Record type

Project

Sector

Commercial, Natural Gas, Power Generation (CCGT), Seaport, Warehouse, Government

Article published date

2024-06-06

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