Spanish firm Iberdrola has been awarded the construction of a combined cycle plant in the state of Nuevo Leon in northern Mexico, which will require an investment of $400m, according to a report by Cinco Dias.

The installed capacity will be 850 MW and the Spanish firm will own the plant, as well as being responsible for its implementation, operation and maintenance.

The plant will begin operations in mid-2018 and will supply power to more than two million Mexicans.