ICA Fluor, the industrial engineering company jointly owned by Fluor Corporation and Empresas ICA Sociedad Controladora, have signed a contract for the construction of a combined-cycle gas-fired power plant in Altamira, Tamaulipas, Mexico.
The contract itself was awarded by Iberdrola EnergÃa SA, a subsidiary of Spain’s Grupo Iberdrola. The total investment in the project will be approximately $570 million including the land, financing costs, generation equipment, and engineering, procurement and construction (EPC). The ICA Fluor contract includes only the EPC portion of the project.
The “Altamira V” generation plant will have a capacity of 1,180MW and will provide electricity to the northern industrial zone of Mexico, as well as stabilising the electrical grid in the area.
Power generated will be sold to the Federal Electricity Commission under its program to develop independent power producers.
The 36-month, lump-sum, turnkey project is scheduled for completion in November 2006.