Home > PR Center > News

News

POSCO E&C Wins Contract for Combined Heat and Power Plant Worth $100 Million from Mexico

APR 30 ,2019

Attached file :

- Constructing a 100MW plant in Coahuila, Mexico
- First domestic company to record cumulative orders totaling $10 billion in the Central and South American energy market

POSCO E&C won a contract for the construction of a combined heat and power plant, worth $100 million, from Mexico.

On March 6, POSCO E&C entered into a contract for the construction of the 100MW ‘Quirey combined heat and power plant’ from Ener AB.

This power plant, to be constructed in Coahuila, Mexico, will be constructed to stably supply electricity to the Magnelec chemical plant in the region, and the construction period is 24 months.

Ener AB is a joint venture between a US power company, AES, and Bal Group of Mexico. AES is a private power company that is operating a total of 34,732MW power plants in 18 countries around the world, and it has been affiliated with POSCO E&C since 2006. Bal Group is a large Mexican corporation that is engaged in mining, trading, insurance, etc.

This contract for the Quirey combined heat and power plant made POSCO E&C, which was the first domestic company to advance into the Central and South American energy market in 2006, the first domestic company to record cumulative orders totaling $10 billion in the Central and South American energy market 13 years after it first advanced into this market.

Having started in 2006 with the Ventanas coal-fired power plant in Chile, worth KRW 400 billion, POSCO E&C has been continuously expanding the Central and South American market by winning the contract for Campiche and Angamos coal-fired power plants in Chile in 2007, and the Kallpa and Chilca Uno combined cycle power plants in Peru in 2009. Last August, the company completed the construction of the 391MW Colón combined cycle power plant and has since been operating it.

As it won the contract for the Quirey combined heat and power plant, the excellent power plant construction technology of POSCO E&C was verified again. So it expects that it will gain a competitive advantage in the bid for additional orders in Mexico, which is seeking to construct new power plants with the aim of producing 56GW by 2031.

Attachment: An image of the signing ceremony / a bird’s-eye-view and a location map.

POSCO E&C and Ener AB officials signed the EPC contract for the construction of the Quirey combined heat and power plant worth $100 million, and posed for a picture.

List