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MEXICO: JOINT VENTURE CONSTRUCTION CONTRACT AWARD FOR PLANNED $377,000,000 POWER PLANT, SITHE-ENERGIES INC. [USA] & ABB ALSTOM POWER [BELGIUM] - order #: 042500.
WWP-Business Opportunities in Latin America & the Caribbean, April, 2000
PROJECT OVERVIEW:
An American/Belgian joint venture recently secured the needed project funding for the construction of a new power plant in Mexico. The partners in the planned 50:50 undertaking include U.S.-based SITHE-ENERGIES INC. and ABB ALSTOM POWER of Belgium.
Construction plans under consideration call for building a power station with an installed generating capacity of 230 Mw. The planned project, dubbed TERMOELECTRICA DEL GOLFO (TEG), is to be implemented on the basis of a build-operate-transfer (BOT) scheme. The new facility, sited at Tamuin in the State of San Luis Potosi, is being built for the local cement producer, CEMEX.
The cost to complete the energy complex has been pegged at $377,000,000. Project funding was...
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