Técnicas Reunidas wins a new $337 MM contract

The public company Comisión Federal de Electricidad of Mexico, the largest company in the electricity sector in Latin America, has awarded the development of two new natural gas combined cycle plants to the consortium formed by the Spanish companies Técnicas Reunidas and TSK, which will design and execute the plants on a 50/50 basis, and the German company Siemens Energy, which will provide the turbine technology.

These are the combined cycle plants in San Luis Rio Colorado and González Ortega, which will have a capacity of 600 MW each and will use high-efficiency gas turbines.  

The contract amount for Técnicas Reunidas is $337 MM. 

The incorporation of more efficient electricity generation technology, based on natural gas, will allow Mexico to continue reducing the contribution of the most polluting electricity generation plants, which use heavy liquids as fuels, thus contributing to the decarbonization of the country’s electricity sector. 

The activities to be carried out by the Spanish companies include engineering, supply (excluding the supply of gas and steam turbines and heat recovery boilers, which will be supplied by Siemens Energy), construction and commissioning of the two power plants. 

The duration of the project is estimated at 38 months.

The engineering works, assumed in their entirety by Técnicas Reunidas, will require the contribution of some 475,000 hours of specialized engineers over a period of just over a year. 

Start of early works on the San Felipe generating station in the Dominican Republic 

Técnicas Reunidas also nominated as preferred contractor by Generadora San Felipe for the development of a 400 MW combined cycle plant in the Dominican Republic. A contract has been signed for the start of early works.  

The project, based on advanced General Electric technology, will convert an old power plant by replacing liquid fuel with natural gas, which will substantially increase its energy efficiency and contribute to the decarbonization of the Dominican electricity system.

Its development includes the natural gas unloading facilities in the bay of Puerto Plata, in the north of the country. 

The preliminary works contract, for approximately $2 MM, aims to advance the development of the project in parallel with the processing of the financial closing carried out by the client.

The conversion of these early works into a turnkey contract for the development of the complete execution of the project is subject to the client’s final decision, scheduled for the first half of 2022. 

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