Monterrey III
Sector: Commercial • Location: Nuevo León, Mexico
Source: World Bank Group
Iberdrola was awarded an "independent power producer" permit from the Mexican government to build and operate a 1000-MW gas-fired combined cycle power plant. The project involves a total cost of US$ 609.9 million. In Aug. 2000, the IADB approved a financing package for this project, which included a US$ 75 million direct loan and US$ 382.4 million in syndication. Construction is expected to last
- Status
- Prospective
- Sector
- Commercial, Government, Power Generation (CCGT), Natural Gas, Warehouse
- Location
- Nuevo León, Mexico
- Updated
- 22 Jul 2026
- Source
- World Bank Group
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Project Information
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 was awarded an "independent power producer" permit from the Mexican government to build and operate a 1000-MW gas-fired combined cycle power plant. The project involves a total cost of US$ 609.9 million. In Aug. 2000, the IADB approved a financing package for this project, which included a US$ 75 million direct loan and US$ 382.4 million in syndication. Construction is expected to last for two years and a half, with commercial operations starting in Feb. 2003. Iberdrola has a 25-year power purchase agreement with the national grid, and will also sell power to private off-takers. |
Original sector | Energy |
Budget |
Location
Country | Mexico |
State | Nuevo León |
Source
Source reliability | High |
Source | World Bank Group |
URL |
More Details
Record type | Project |
Sector | Commercial, Government, Power Generation (CCGT), Natural Gas, Warehouse |
Article published date | 2023-02-20 |
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