Sempra Energy Unit Awarded Natural Gas Pipeline Contract in Chihuahua, Mexico
Jul 14, 2015
SAN DIEGO, July 14, 2015 /PRNewswire/ -- Sempra Energy (NYSE: SRE) today announced that its Mexican unit Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) (BMV: IENOVA), through its subsidiary Gasoducto de Aguaprieta S. de R. L. de C.V., has been awarded a natural gas transportation contract in Chihuahua by the Comisión Federal de Electricidad (CFE).
The project will comprise a header facility with a capacity of 3 billion cubic feet per day (Bcfd) of natural gas and an approximately 14-mile pipeline with a capacity of 1,135 million cubic feet per day (Mcfd) of natural gas. The pipeline will provide natural gas to the Norte III Combined Cycle Power Generation Plant and will interconnect with Gasoductos de Chihuahua, Tarahumara and Samalayuca-Sásabe pipelines.
The estimated $108 million project is expected to begin operations during the first quarter 2017. The project is contracted by CFE under a 25-year capacity contract denominated in U.S. dollars.
"This award demonstrates IEnova´s capacity and experience to generate value through our projects," said Carlos Ruiz Sacristán, chairman and CEO of IEnova. "We are pleased to contribute to the development of the energy infrastructure of Mexico and continue to strengthen our company´s presence in the country."
IEnova develops, builds and operates energy infrastructure in Mexico. As of 2014, the company invested more than $3.5 billion in operating assets and projects under construction in Mexico, being one of the largest private energy companies in the country. IEnova is the first energy infrastructure company to be listed in the Mexican Stock Exchange.
Sempra Energy, based in San Diego, is a Fortune 500 energy services holding company with 2014 revenues of $11 billion. The Sempra Energy companies' 17,000 employees serve more than 32 million consumers worldwide.
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These risks and uncertainties are further discussed in the reports that Sempra Energy has filed with the Securities and Exchange Commission. These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov, and on the company's website at www.sempra.com.
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Sempra International, LLC, and Sempra U.S. Gas & Power, LLC, are not the same companies as the California utilities, San Diego Gas & Electric (SDG&E) or Southern California Gas Company (SoCalGas), and Sempra International, LLC, and Sempra U.S. Gas & Power, LLC, are not regulated by the California Public Utilities Commission. Sempra International's underlying entities include Sempra Mexico and Sempra South American Utilities. Sempra U.S. Gas & Power's underlying entities include Sempra Renewables and Sempra Natural Gas.
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