Union Fenosa Begins Combined Cycle Plant Construction in Mexico
Posted on: Monday, 21 January 2008, 03:00 CST
Union Fenosa has begun construction of a new 450MW combined cycle plant in Durango, Mexico that is scheduled to enter commercial operation in January 2010.
Union Fenosa said that it will invest approximately E270 million in the new Norte I facility, which will increase the company's installed capacity in Mexico to 2,000MW.
The company stated that the investment in the new Durango plant is envisaged in its Bigger Plan, which projects E9 billion of investment, of which E1.2 billion will be allocated to power generation outside Spain, particularly in the form of combined cycle gas turbines.
As part of its commitment to energy sustainability, Union Fenosa also plans sizeable investments in renewable energy in Mexico, where it is developing between 800MW and 1,300MW of wind power and 100MW of small hydro power projects. These projects represent an investment of approximately E1.2 billion.
Source: Datamonitor
Related Articles
- Brazil's Vale to Invest More Than $1.3 Billion in Power Generation, an Industrial Info News Alert
- Vedanta Resources to Invest $20 Billion in Indian Power and Metals Expansion, an Industrial Info News Alert
- E.ON to Invest E3 Billion in New Renewables Unit By 2010
- Statoil to Invest NOK1 Billion in Making Mongstad Refinery Green
- DP World Invests GBP1.5 Billion in UK Port
- Panama to invest $5.25 billion to expand canal
- AES Creates Alternative Energy Group; AES Plans to Invest Approximately $1 Billion Over Three Years in Alternative Energy Businesses, Including Greenhouse Gas Reduction Projects
- China's Largest Sino-Foreign Investment Project Goes into Operation
- World's Top 500 Firms Invest 12 Billion U.S.Dollars in Tianjin
- China's Largest Sino-Foreign Jointly Invested Project Moves into Start-Up Phase
User Comments (0)
RSS Feeds