EDF wins Rio Bravo contract
Mexico`s Federal Electricity Commission (CFE) has awarded Electricité de France International the contract for the construction and operation of the Rio Bravo power plant in Tamaulipas State. The contract is the latest of ten independent power projects that CFE is planning to tender this year.
The project calls for EDF to finance, build and operate a 495 MW combined cycle power plant using natural gas as the main fuel. The project represents a total investment of $220m, a quarter of which will be financed by equity and the remainder by loans.
CFE took nine bids for the project in October this year. Among the other bidders were AES, Endesa International, Enron Mexico, Intergen and a Mitsubishi consortium.
The CFE is likely to ask for bids soon on the remaining three IPP projects due this year. These are the 450 MW Rosarito IV, the 225 MW Naco-Nogales and the 225 MW Campeche. It may also ask for bids on four transmission projects.
Alstom and Sithe Energies have signed a build-own-transfer contract with Cemex of Mexico for a 230 MW power plant in San Luis Potosi State. The plant will supply power to Cemex`s cement plant.