Nuevo Leon combined cycle plant

active

The project entails the design, construction, financing and operation of a combined cycle power plant situated in the municipality of El Carmen, Nuevo León. It will have an installed capacity of 866 MW and is being undertaken by Iberdrola Mexico, part of Iberdrola SA. The plant will sell energy solely to the Wholesale Electricity Market. Iberdrola has also signed a Power Purchase Agreement (PPA) with CFE Calificados to supply CFE’s commercial branch with 150 MW of power. A total of 264 MW of the plant’s 866 MW capacity has already been sold to industrial clients. The productive state-owned enterprise (CFE) will supply natural gas for the plant’s operation through CFEnergía, and will be responsible for building the electrical infrastructure necessary for the power supply. This is a new, greenfield project launched on a merchant basis in the wake of the Mexican energy reform. The total investment is reported at $450 million. As of January 2018, there are no details on the financial package of the project. However, construction kicked off in March - April 2017 and this this date was considered for closing. http://www.iberdrolamex.com/en/iberdrola-mexico-begins-construction-of-its-first-power-plant-exclusively-dedicated-to-electricity-market-sales/