ATCO has been awarded a contract by the CFE - Comisión Federal De Electricidad, valued at approximately USD$50 million, to design, build and operate a natural gas pipeline near the town of Tula in the state of Hidalgo, Mexico. We will be responsible for the design, construction, operation and maintenance of the 30" pipeline that will transport natural gas approximately 16 kms to fuel the existing Francisco Pérez Rios power plant, near Tula. The natural gas replaces 'fuel oil' allowing CFE to generate electricity more efficiently. Expected to be in-service in 2015, ATCO is utilizing local engineering, procurement and construction firms to support the project. ATCO procured 100 per cent of the 'long pipe' steel from Monterrey, Mexico.
ATCO and partner Grupo Hermes S.A. de C.V. have been selected by Pemex affiliate PMX Cogeneracion S.A.P.I de C.V. to begin the project development and approval process for a natural gas cogeneration plant at the Pemex Miguel Hidalgo refinery near Tula in the state of Hidalgo, Mexico. Initial estimates value the capital cost of the proposed project at USD$820 million of which ATCO will be responsible for approximately half of the required investment. Partnership approval is expected in 2015, with a commercial operation date in the second half of 2017.
ATCO is a diversified global corporation delivering service excellence and innovative business solutions in Structures & Logistics, Electricity, Pipelines & Liquids, and Retail Energy. More information about ATCO can be found on www.ATCO.com.