Mexico’s state power company plans $10 billion in projects

Mexico began a major push to expand its natural gas pipeline network after missing out on the benefits of the U.S. shale gas boom.
Mexico began a major push to expand its natural gas pipeline network after missing out on the benefits of the U.S. shale gas boom.

By Anthony Harrup / Wall Street Journal

Mexico’s state-owned electricity utility Comisión Federal de Electricidad unveiled plans Monday to tender projects for close to $10 billion, including an 800-kilometer submarine pipeline to carry natural gas from southern Texas to the Mexican Gulf Coast.

The 24 projects include five natural gas pipelines, three small pipeline branches, four power generation stations and a series of electricity transmission and distribution projects.

The projects, most of which are scheduled to start operating in 2017 and 2018, will add around 2,300 kilometers to the country’s gas pipeline network, 1,442 megawatts of electricity generating capacity, and more than 3,000 kilometers in transmission and distribution lines, CFE Chief Executive Enrique Ochoa said at an event.

http://www.wsj.com/articles/mexico-state-power-company-plans-10-billion-in-projects-1435001256

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