Iberdrola has received a contract from undisclosed customer to build the 766MW Topolobampo III combined-cycle power plant (CCGT) in Mexico.
The project, which is scheduled to be commissioned in January 2020, will generate electricity required to power over 2.5 million Mexican citizens. It will feature GE-built model H01 gas turbines.
Power generated by the facility will be sold to the Mexican Federal Electricity Commission (CFE) under a 25-year contract with Iberdrola, with fixed capacity fees.
Iberdrola said in a statement: “This long-term agreement with CFE offers great security to Iberdrola's investment as it brings the project into line with the company's strategy of growing in regulated, predictable activities that are located in stable, highly-rated countries.”
Iberdrola will also be responsible for commissioning of all ancillary facilities required to connect the project to the Mexico's national power grid, including power lines and the transformer substation.
The firm is currently under contract to build three new combined-cycle plants including the North-east (Escobedo), North-west (Topolobampo II) and El Carmen, and two cogeneration plants, San Juan del Río and Altamira.
Iberdrola is also developing 325MW of wind projects in the states of Puebla and Guanajuato.
By 2020, Iberdrola expects to have total installed capacity of more than 10,000MW in Mexico.
Image: Iberdrola is already under contract to build three new combined-cycle plants in Mexico. Photo: courtesy of Iberdrola, S.A.