Iberdrola Will Build $320 Million Dollars Power Plant in Guanajuato Mexico

Iberdrola will build $320 million dollars power plant in Guanajuato


01/03/2011 01:07

The Spanish energy group Iberdrola won the bid to build a power plant in Mexico for $ 320 million, said the Spanish company in a statement.

Iberdrola has been awarded a turnkey contract in Mexico for the construction and operation of a cogeneration plant of 430 megawatts (MW) capacity in the town of Salamanca in Guanajuato, for $320 million dollars.

The contract, in whose tender participated other seven groups, includes the construction of 'a compacted substation and eight transmission power lines of 230 kilovolt (kV).

Estimated time to complete the works to be carried out 'in the facilities of the refinery Pemex has in Salamanca, is 29 months, said the Spanish company.

Iberdrola obtained in 2010 a net rising profit of 1.7% of up to $2.870 billion Euros, after shedding non-strategic assets to be reoriented towards high growth markets like Brazil.

In Mexico, the Spanish company began operations in 2001 and since then has accumulated contracts worth about $2.5 billion dollars. (El Economist)

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