Comision Federal De Electricidad Awards IEnova Tender For Construction And Operation Of 205-KM Natural Gas Pipeline From Ojinaga To El Encino In State Of Chihuahua
MEXICO CITY, Nov. 24, 2014 /PRNewswire/ -- Infraestructura Energetica Nova, S.A.B. de C.V., (IEnova) today was declared the winner of the Comision Federal de Electricidad (CFE) tender for the construction and operation of the natural gas pipeline from Ojinaga to El Encino in the state of Chihuahua, Mexico.
Under the terms of the contract, IEnova will provide the transportation services of natural gas to the CFE for a term of 25 years.
The 205-kilometer, 42-inch diameter pipeline will have a design capacity capable of transporting approximately 1.4 billion cubic feet of natural gas per day. The estimated investment is U.S. $300 million and the pipeline is expected to begin operations during the first half of 2017.
"This is a result of our experience in building energy infrastructure projects and our commitment with the development of Mexico," said Carlos Ruiz Sacristan, chairman and CEO of IEnova. "I would like to highlight that the tender process was conducted by the CFE with transparency and professionalism. This was a competitive bid in which five other companies participated."
A unit of San Diego-based Sempra Energy (NYSE: SRE), IEnova develops, builds and operates energy infrastructure in Mexico. As of 2013, the company has invested more than U.S. $2.8 billion in operating assets and projects under construction in Mexico, making it one of the largest private energy companies in the country. IEnova is the first energy infrastructure company to be listed in the Mexican Stock Exchange.
Sempra Energy is a Fortune 500 energy services holding company with 2013 revenues of more than $10.5 billion. The Sempra Energy companies' 17,000 employees serve more than 31 million consumers worldwide.
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