Iberdrola plans to build a new US$ 600 million power plant in Mexico

Iberdrola, second largest electricity producer in Mexico, announced today it will invest US$ 600 million to build a new plant in the State of Nuevo Leon.

Jose Ignacio Sanchez Galan, Iberdrola’s CEO, said to Bloomberg it will be its twenty-first plant in the country.

Sanchez Galan pointed out the company has confidence in Mexico and they expect demand of energy to keep growing in the coming years.

You can watch the interview here: (Powerplant announcement comes at minute 3:30)


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