Steel Products
August 22, 2013
Ternium, Tenaris & Tecpetrol to Build & Operate a Power Plant in Mexico
Written by Sandy Williams
Ternium, Tenaris and Tecpetrol will jointly build and operate a natural-gas fired combined cycle electric power plant in the Pesqueria area of the State of Neuvo Leon, Mexico. The joint venture, named Techgen, S.A. de C.V., will be owned 30 percent by Tecpetrol, 22 percent by Tenaris and 48 percent by Ternium.
The power plant will have a power capacity of 850 to 900 megawatts and will supply the Mexican steel facilities of Ternium and Tenaris. A contract with Techgen will give Tenaris and Ternium, 22 percent and 78 percent of the power supply, respectively.
The project is estimated to cost US $1 billion and be operational in the fourth quarter of 2016.
