Spanish engineering firm Abengoa has won a new deal to build and operate a 300 MW combined heat and power plant in Mexico.
The contract was signed after a consortium of Abener and Abengoa Mexico was awarded a concession by Mexico’s state-owned petroleum company Pemex, allowing the consortium to construct the $633 million (£391 million) plant in Tabasco state and operate it for a period of 20 years.
Abengoa estimates the sales from the concession to be around $2.18 billion.
The combined heat and power plant will provide electricity to one of Pemex’s facilities, while generating between 550 and 800 t/h of steam.
It will also send excess electricity produced to other Pemex facilities through a new transmission line, helping to reinforce national utility CFE’s infrastructure in the region.
The project will be completed within 36 months by the Abengoa consortium, which also includes GE.