Natural gas-fired power plant planned for Mexico

Natural gas-fired power plant Mexico Ternium SA Tenaris SA Tecpetrol International SA combined cycle

Three companies announced they will be working together to build and operate a natural gas-fired, combined-cycle power plant in Mexico. The total investment for the plant is expected to be $1 billion.

Ternium S.A. (NYSE: TX), Tenaris S.A. (NYSE: TS) and Tecpetrol International S.A. signed a memorandum of understanding to build the plant that will supply Ternium’s and Tenaris’s respective industrial facilities in Mexico.

The plant will be built in the Pesqueria area of the state of Nuevo Leon and would have a generating capacity of between 850 and 900 MW. The project will be done by a joint venture named Techgen S.A. de C.V., which would be 30 percent owned by Tecpetrol, 22 percent by Tenaris and 48 percent by Ternium.

The plant is scheduled to begin operations by late 2016.

Read more new gas-fired power projects news

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...