Canadian energy firm ATCO builds US$ 54 million power plant in Durango for Chemours
Canadian energy firm ATCO announced it will build, in partnership with RANMAN Energy, La Laguna Cogeneration Facility, a new 26-megawatt (MW) cogeneration project on the site of a Chemours Company chemical facility, with an investment of CAD 70 million (about US$ 54 million).
Located near the city of Gomez Palacio in the northern state of Durango, the project will consume excess gas and reuse steam produced by the host facility’s chemical processes, making it a highly efficient and low-carbon means of generating on-site energy.
“Industrial customers in Mexico are increasingly looking to our global expertise to develop creative solutions that allow them to capitalize on the country’s energy market reforms,” said in a statement Wayne Stensby, Managing Director, Electricity with ATCO. “Our latest project ensures Chemours has access to the reliable electricity and steam it needs to run its operations, while also providing low carbon electricity back to the market.”
The project is expected to be operational in the second quarter of 2019.
This is second ATCO’s project carried in Mexico in partnership with RANMAN Energy. In early 2017, both companies paired to develop a highly scalable distributed power generation solution in the World Trade Centre Industrial Park in San Luis Potosi.
Recently, ATCO also closed the acquisition of Electricidad del Golfo, which owns a 35 MW hydroelectric power station in the state of Veracruz.
Earllier, on October 27, 2014, ATCO and its partner Grupo Hermes were selected by Pemex Cogeneración for the development of a cogeneration plant powered by natural gas at the Pemex Miguel Hidalgo refinery near Tula, Hidalgo.