Mexichem to operate $650 million plant for Pemex

Mexican chemicals company Mexichem said it expects to start operating a $650 million cogeneration power plant for Mexico’s state oil company, Pemex, in the first half of 2018.

Pemex said that Mexichem had won a contract for the plant, called Cogeneracion Cactus, in partnership with Enesa Energia, a company part-owned by telecoms billionaire Carlos Slim and US-based Invenergy Clean Power.

The plant, at a Pemex gas processing complex in Tabasco state in Mexico’s southeast, will have preliminary capacity to generate 530 megawatts of power.