TransCanada Subsidiary To Build, Operate Mexican Pipeline
Thursday, November 01, 2012
TransCanada Corp. announced that its Mexican subsidiary, Transportadora de Gas Natural del Noroeste, has received a contract to build, own and operate the El Encino-to-Topolobampo Pipeline (Topolobampo Pipeline) in Mexico by the Comisión Federal de Electricidad (CFE), Mexico’s federal power company.
TransCanada expects to invest US$1 billion in the Topolobampo Pipeline project, which is supported by a 25-year natural gas transportation service contract with the CFE. The 76.2 cm diameter pipeline will be 530 km long and have contracted capacity of 670 MMcfd. The project is expected to be in service in the third quarter of 2016.
“Mexico’s government is engaged in a comprehensive plan to expand the nation’s electrical grid and generating capacity, and much of that generation will be natural gas-fired,” said Russ Girling, TransCanada’s president and chief executive officer.
The Topolobampo Pipeline begins in El Encino, in the state of Chihuahua, and ends in Topolobampo, in the state of Sinaloa, interconnecting with other pipelines that are expected to be built as a result of separate bid processes by the CFE.
For more information: www.transcanada.com
