Mexican construction firm ICA was granted $147 million on December 23 for additional work at the 750-MW La Yesca hydropower project.
The funds were granted as "a partial settlement for the extra work performed on the project" that was completed last year, according to a statement by ICA. An additional $1.04 billion was granted last year to the company by the Mexican government when the project was completed.
La Yesca has a capacity of 750 MW and is located on the Santiago River in the eastern portion of the country.The project includes a 210-meter-tall concrete faced rockfill dam, a basin of 12 million cubic meters, and an underground powerhouse containing two 375-MW turbine-generators, supplied by Russian equipment supplier Power Machines.
Development of the project, which is one of Mexico's largest infrastructure projects, was reported as a part of CFE's plan to increase the country's generating capacity by 27,000 to a total 69,000 MW by December 2016.
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