Iberdrola has commissioned a new 300 MW gas-fired power plant in Nuevo Leon, Mexico.Ignacio Galan

The Dulces Nombres II facility will see investment of $250m by the Spanish utility, which is aimed at serving the region’s industrial sector.

The combined cycle power plant is designed to run more efficiently, with greater availability, reduced maintenance needs and improved environmental performance.

Iberdrola CEO and Chairman Ignacio Galán said: “This strong investment programme is our contribution to the intense development and transformation process on which Mexico has embarked, aimed at supporting the transition towards a de-carbonized model that enhances the economy’s competitiveness for the ultimate benefit of the people of Mexico and their quality of life.”

By 2020, the company plans to commission 10 new power plants between gas-fired units and renewable energy projects in Mexico with an investment of $3bn.

This would bring the company’s total installed capacity in Mexico to 10,000MW by the end of the decade.

[bc_video account_id=”1214147015″ player_id=”4855923358001″ video_id=”5201822702001″ min_width=”320px”]