Under the agreement, Enel, Abengoa and PMX Cogeneración, an affiliate company indirectly owned by Pemex, will jointly construct the plant at the site of Antonio Dovalí Jaime refinery owned by Pemex Refinación.
Estimated to require an investment of $950m, the power plant is expected to generate competitive, stable and sustainable power.
Part of electricity and steam generated from the facility will be supplied to Pemex, while the rest will be sold in the market.
In addition to supporting economic growth in the area, the facility will help the Mexican Government’s efforts to reduce greenhouse gas emissions by around 50% by 2050.
The cogeneration process simultaneously generates electricity and thermal power from a single fuel source, such as natural gas, using the heat that would otherwise be lost.
Abengoa provides technology solutions for sustainability in the energy and environment sectors, generating electricity from renewable resources, converting biomass into biofuels and producing drinking water from sea water.
Enel Green Power (EGP), a subsidiary of Enel Group, is focused on development and operation of renewable energy power plants in Mexico.
