G-Mex 450MW coal-fired project attracts 3 cos – Mexico

G-Mex 450MW coal-fired project attracts 3 cos – Mexico

Three companies have expressed interest in Mexican resource and transport group Grupo Mexico’s (G-Mex) 450MW coal-fired power generation project, G-Mex VP Juan Rebolledo told BNamericas.

The plant is a long-term project and a decision on whether it will move forward or not is expected next year, said Rebolledo. Company names could not be released due to confidentiality requirements.

Although Mexico’s energy regulator CRE has greenlighted the project, state power company CFE still must approve the project due to legal aspects related to electricity transmission across states, he said.

The executive added the project’s basic engineering work is being drafted and that an economic feasibility study is underway.

Possible plant sites would be in the states of Coahuila, Chihuahua and Sonora, he said.

The project is part of G-Mex’s plans to reduce power supply costs through self-supply. The company currently uses 380-400MW.

Rebolledo said the group’s coalmines would supply the project, thereby lowering costs even more.

In addition to coal, G-Mex (BMV: GMEXICOB) produces copper, zinc, silver, gold, molybdenum and lead.

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