24 January 2003 - Skoda Praga, the Czech Republic EPC contractor, is to begin work on a new 125 MW CCGT project near Monterrey, Mexico in April for Genermex.
The power generated from the plant, due for completion by March 2005, will be bought by the consortium of 80 industrial companies which own Genermex. Energy regulator gave Genermex a self-supply generation permit in December.
The plant is to be located at Apodaca, near Monterrey, Mexico's Nuevo Leon state capital. It will consist of two 43 MW gas turbines and a 39 MW steam turbine. Annual electricity generation is estimated at 935 518 GWh. Average generation capacity will be 114 MW.
Skoda reached an agreement to buy two GTX100 turbines from France's Alstom, but is now having second thoughts and considering using General Electric turbines, which could be more competitive, according to Genermex general director Luis Ricardo Flores.
Investment is some $130mn, Flores continued, adding that Genermex has some initial agreements with European and US banks for financing, and that Genermex owners -the 80 offtakers - will also put some funds towards project costs.
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