Cogeneration group PMX SAPI de CV, a subsidiary of Mexican state-owned petroleum giant Pemex, has signed MOUs with a consortium of Hermes-Atco and Mitsui to jointly implement cogeneration projects at refineries in Tula and Cadereyta, for plants at Hidalgo and Nuevo Leon, respectively.

The projects will require an estimated total investment of US$1.4 billion. 

For the Tula project a gas-fired cogeneration plant with a capacity of 638 MWe and 1,247 tons/hour of steam for delivery to the Miguel Hidalgo refinery and the national grid is due to begin commercial operations in the second half of 2017. The project by PMX and Atco-Hermes represents a direct investment of approximately $820 million.

Meanwhile, together with Mitsui, PMX will develop the Cadereyta project, a gas-fired cogeneration project supplying 380 MWe and 760 tons/hour of steam . The project will be located in the refinery Ing. Hector R. Lara Sosa with commercial operations planned for the second half of 2017. A direct investment of approximately $ 590 million will be required for this installation.